{"id":32523,"date":"2015-06-03T18:06:29","date_gmt":"2015-06-03T18:06:29","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=32523"},"modified":"2024-04-03T13:17:39","modified_gmt":"2024-04-03T07:47:39","slug":"inflation-3","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/inflation-3\/","title":{"rendered":"Inflation &#8211; by Rahul Singhai"},"content":{"rendered":"<p style=\"text-align: center;\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/Inflation.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-32690\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/06\/Inflation.jpg\" alt=\"Inflation\" width=\"284\" height=\"177\" \/><\/a><\/p>\n<p>In economics, the general definition of inflation is sustained increase in the general price level of goods and services in an economy over a period of time. Now, when we talk about this then the general population gets scared of increasing price levels of goods and services. But instead of scaring, we need to understand what are the forces behind this hike first.<\/p>\n<p>Let understand inflation more clearly. Basically it is measured as an annual percentage increase. The value of rupee doesn\u2019t stay constant when there is inflation. The value of a rupee is observed in terms of purchasing power, which is the real, tangible goods that money can buy. When price level goes up, there is a decline in the purchasing power of money. For example, if the inflation rate is 5% annually, then theoretically Rs.60 kg of rice will cost Rs60.05 in a year.<\/p>\n<p>There are several variations on inflation:<\/p>\n<ul>\n<li><strong>Deflation<\/strong> is when the price level is falling. This is opposite of inflation.<\/li>\n<li><strong>Hyperinflation <\/strong>is unusually rapid inflation. In extreme cases, this can lead to the breakdown of a nation\u2019s monetary system.<\/li>\n<li><strong>Stagflation <\/strong>is the combination of high unemployment and economic stagnation with inflation.<\/li>\n<\/ul>\n<p>Basically no one is in accord while conversing upon forces behind the boom in prices, but at least two theories are generally accepted:<\/p>\n<ul>\n<li><strong>Demand-Pull Inflation \u2013 <\/strong>If demand is growing faster than supply, prices will increase. This generally happens in growing economies.<\/li>\n<li><strong>Cost-Push Inflation \u2013 <\/strong>When companies\u2019 costs go up, they need to increase prices to maintain their profit margins. Increased costs can include things such as wages, taxes, or increased costs of imports.<\/li>\n<\/ul>\n<p>Many times people ignore the fact that wages also rising now days. The question shouldn\u2019t be whether inflation is rising, but whether it\u2019s rising at a quicker pace than our wages.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In economics, the general definition of inflation is sustained increase in the general price level of goods and services in an economy over a period of time. Now, when we talk about this then the general population gets scared of increasing price levels of goods and services. But instead of scaring, we need to understand&#8230;<\/p>\n","protected":false},"author":1069,"featured_media":32690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2874,1365,4166],"class_list":["post-32523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-goods","tag-inflation","tag-price-level"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation - by Rahul Singhai - Vskills Blog<\/title>\n<meta name=\"description\" content=\"About inflation Apply for a vskills certification in Accounting ,Banking and Finance now. 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