INFLATION RATE
What is Inflation 🔥
- Inflation means the increase in the prices of goods and services over time. It reduces the value of money, meaning you will need more money to buy the same product in the future.
What is the Inflation Rate😎
- The inflation rate is the percentage at which prices rise over a certain period, usually a year. It is measured using the Consumer Price Index (CPI) or Wholesale Price Index (WPI).
Example of Inflation🛒
- In 2015, 1 kg of rice cost ₹40.
- In 2025, the same 1 kg of rice costs ₹80.
- This means the price doubled in 10 years, showing that inflation has increased the cost of daily necessities.
Conclusion 🔍
The inflation rate tells how fast prices are rising. If
inflation is too high, the cost of living increases. If controlled properly, it
helps the economy grow.
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