price of products and services increases is called as 
inflation

Inflation is a period when price of the commodities rises 
and simultaneously demand rise and supply of the products 
decreases.

Inflation is defined as a sustained increase in general 
price levels over a period of time. It is measured as the 
percentage rate of change of a price index.

Re: what is inflation?  
Answer
# 1 price of products and services increases is called as 
inflation

Continous increase in the price of the products and 
services is called as inflation.

The rate at which the genetal level of prices for goods and 
services is rising and subsequently, purchasing poower is 
falling. 
Note: Most countries central banks will try t sustain an 
inflation rate of 2-3%.

inflation means when product price increased as well as 
product demand increased as compare to supply of product in 
the market is called inflation

today's value of money is not equal to the future value of
the same amount of money . this difference is termed as
'inflation'.

Increase in price of product due to less of supply in
compare of demand of the product

Inflation is a rise in the general level of prices over 
time. It may also refer to a rise in the prices of a 
specific set of goods or services

inflation is defined as the increase in general price level 
with corresponding decrese in value of money.

today's value of money is not equal to the future value of
same amount of money.

wen too much money chases little goods... it results in  
inflation

Inflation is an upward movement in the average level of 
prices for goods and services,coz inflation is a rise in 
the general level of price, it is linked to money, it 
redefines the value of money.

Inflation : To much money chasing too few goods. goods will 
become costlier as people who have money will keep on 
purchasing the goods which are limited making it impossible 
to the common man to purchase. supply decreases and demand 
increases. 

Governament has taken steps to minimise the inflation rate 
from 6.67 to 3.24 ( as on 2nd feb ) by increasing the cash 
reserve ratio in banks and also interest on fixed deposits.