How does inflation of prices take place??

Question

i need an answer based on the mordern day context

Answer 1

Inflation occurs when someone selling a product for example raises the price without changing the product. You now pay a higher price but still receive the same value. In the case of an employee, if you receive a raise in pay but do not increase productivity.

Answer 2

Very simple: when people have too much credit debt

Most problems of inflation are caused by young people using credit cards and never pay back