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What is Price Rise and Consumer Awareness about?

Price rises are caused by an increase in demand outpacing supply. This leads producers to charge higher prices to account for the shortage. Some key factors that can cause price rises include population growth increasing demand, exports reducing domestic supply, and increases in the costs of raw materials which get passed onto consumers. Black money and smuggling can also artificially increase demand and cause price inflation. Overall, a stable and gradual rate of price rise is good for the economy by incen

Author

Siddik Saiyad

Language

EN