Q. What is inflation?
Top Answer
Solution:
Inflation is a sustained increase in the general price level of goods and services in an economy over time, making things more expensive. It means that the purchasing power of money declines.
A little inflation is normal, but too much can make life hard because people need more money to buy the same things. Central banks (Reserve Bank of India) try to keep inflation at a stable, low rate to keep the economy healthy.
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