Answer / aditya s harma,jalandhar

inflation is a rise in the general level of prices of
goods and services in an economy over a period of time.When
the general price level rises, each unit of the functional
currency buys fewer goods and services; consequently,
inflation is a decline in the real value of money—a loss of
purchasing power in the internal medium of exchange which
is also the monetary unit of account in an economy. A chief
measure of general price-level inflation is the general
inflation rate, which is the percentage change in a general
price index (normally the Consumer Price Index) over time.

Answer / noorullah07@yahoo.com

Inflation is as an increase in the price of bunch of Goods
and services that projects the Indian economy. An increase
in inflation figures occurs when there is an increase in
the average level of prices in Goods and services.
Inflation happens when there are less Goods and more
buyers, this will result in increase in the price of Goods,
since there is more demand and less supply of the goods..

Answer / abhishek dutta

Inflation is a consistent and persistent rise in the
general price of goods and services over a continuous
period of time.

Answer / ch.anusha

inflation means fluctuations in the prices of commodities
may be it increase or decrease. changes in the prices of
goods those we are using daily purposes

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