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Q.

What is the meaning of Inflation? Answers may substantiate in detail with some illustrations.

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Asked by jayaraman kupuswamy, 03 May '07 10:22 am
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Answers (5)

1.

Inflation is enhancing the object or subject by filling up with air like we do it in a balloon or a car tyre.
Answered by nkpathak, 17 Aug '09 05:19 pm

 
  
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2.

Every week GoI moniter the price of essntial items called as WPI there are 14 items in WPI
Answered by sharwan kaushik, 03 May '07 10:25 am

 
  
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3.

Inflation means a constant rise in prices of essential goods such as the increasing prices of food articles like pulses rice etc
Answered by reena, 03 May '07 10:25 am

 
  
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4.

In economics, inflation is an increase in the general level of prices of a given kind. General inflation is a fall in the market value or purchasing power of money within an economy, as compared to currency devaluation which is the fall of the market value of a currency between economies. General inflation is referred to as a rise in the general level of prices. ...
Answered by Richie Rich, 03 May '07 10:25 am

 
  
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5.

In mainstream economics, the word inflation refers to a general rise in prices measured against a standard level of purchasing power. Previously the term was used to refer to an increase in the money supply, which is now referred to as expansionary monetary policy or monetary inflation. Inflation is measured by comparing two sets of goods at two points in time, and computing the increase in cost not reflected by an increase in quality. There are, therefore, many measures of inflation depending on the specific circumstances. The most well known are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy.

Commonly used measures of inflation

Examples of common measures of inflation include:
consumer price indices (CPIs) which measure the price of a selection of goods purchased by a "typical consumer".
Cost-of-living indices (COLI) which often adjust fixed incomes and contractual incomes based on measures of goods ...more
Answered by gowrish gowrish, 03 May '07 10:25 am

 
  
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