higherinflation
Higher inflation refers to a sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, higher inflation reflects a reduction in the purchasing power per unit of money. A common measure of inflation is the inflation rate, which represents the percentage change in a price index over time.
Several factors can contribute to higher inflation. Demand-pull inflation occurs when aggregate demand in an economy
The effects of higher inflation can be widespread. It erodes the purchasing power of consumers, disproportionately