Company Logo
Tamil

(Tamil) Inflation & Deflation

4.9

19 ratings

Kubendran S M

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.

No internet connection