👉 Inflation, also known as inflationary pressures or deflationary pressure, is a situation where prices of goods and services increase relative to those of other goods and services in an economy. This can occur due to several factors such as increased demand, supply chain disruptions, economic growth, technological advancements, and changes in interest rates. Inflation can cause economic instability by leading to higher prices for consumers, reduced purchasing power, and reduced investment opportunities. It also has a negative impact on the standard of living
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