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(Tamil) Inflation & Deflation

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In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money a loss of real value in the medium of exchange and unit of account within the economy.A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation.
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Founder of KarpathuIAS Appeared Group 1 Mains thrice UPSC Mains once MA in Public Administration. Six years of Teaching Experience
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