inflation

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popeyemask
Is inflation good for the economy !! 
Don't put politics inside it... Just wanted to know simple concept of economics....
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Deal Captain Deal Captain
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How old are you.

Shopping Friend Shopping Friend
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Age is in time and time is not absolute according to theory of relativity by Einstein....

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Shopping Friend Shopping Friend
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Still the question is open  looking for answers..

Deal Captain Deal Captain
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Yes ideally 2-3 % is good

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Deal Newbie Deal Newbie
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I am from India.
Someone please brush-up and remind me what 'inflation' is.

Because in the past 8 years and 8 months.. haven't seen or noticed anyone mentioning that they saw inflation or felt it was there.

Is it like some crop or is it like rains/monsoon or subsoil microbes which help nature or is it some wall.. like the one in China .. which is called 'great'?
Humney tou dekha hee nahin inflation, jab se hamarey achhe din aaye!
Deal Cadet Deal Cadet
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It was before 2014... 

Now it is removed from indian dictionary...

Deal Newbie Deal Newbie
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Ahh! Yes💪🏼
That is what I too thoughted.
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Deal Cadet Deal Cadet
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I'm no expert, but from what I know, the increase of inflation is good when there is an increase in purchasing power.

Critic Critic
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Inflation in most basic terms means increase in prices of common goods & services meaning same amt of money now able to buy less of same stuff. Too much inflation is bad because it effectively means your money value is getting reduced but some inflation(say 1-2%) is usually considered alright.

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