What is inflation? - ProProfs Discuss
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What is inflation?

Asked by Alfie, Last updated: Oct 19, 2021

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2 Answers

John Adney

John Adney

John Adney
John Adney

Answered Aug 04, 2017

A genera rise in the prices of goods and services over time

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John Smith

John Smith

John Smith
John Smith

Answered Sep 08, 2016

A general rise in the prices of goods and services over time.-some factors that causes inflation: the cost of production, high wages, high cost of machinery and raw materials, increased government charges(e.g. electricity etc.) main cause: increasing costs of production higher wages higher costs of machinery & raw materials increased government charges (e.g. electricity etc.) d. food bottleneck. due to slow growth of agriculture, over- higher costs are passed on to the consumer via higher
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