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Inflation is the sustained increase in the overall price level of goods and services, leading to decreased purchasing power. It can be categorized by intensity (e.g., creeping, walking, hyperinflation) and by cause (e.g., demand-pull, cost-push). The document also discusses the impacts of inflation, measures to control it through monetary and fiscal policies, and the framework of inflation targeting in India.

Author

Nilay Nayak

Language

EN