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What is Understanding Inflation: Types and Causes about?

Inflation refers to a general upward rise in price levels in an economy. There are different types of inflation including open, suppressed, galloping, creeping, and hyperinflation. Inflation in India is primarily caused by supply shocks like poor agricultural production and rises in prices of raw materials and wages. Other causes include increases in food and fuel prices, the nature of the agricultural industry, and supply bottlenecks. Organized retailing can help reduce inflation in India by introducing a

Author

Gourav Bhattacharjee

Language

EN