2. Inflation Situation In India
● In its world economic situation and prospects report
as of mid-2022, the urn's department of economic
and social affairs said global inflation is projected to
increase to 6.7% in 2022, twice the average of 2.9%
during 2010–2020, with sharp rises in food and
energy price
3.
4. Inflation Impact In Business
The rising prices mean that the factors of production like
labor and raw materials have also become expensive. The
profit margins of the companies are decreasing. And after an
extent, the companies pass on the burden of these additional
expenses to the final consumer. And the entire economy
suffers.
5. Inflation Impact Life Of Common
People
The cumulative effects of reduced growth, results in
lowering the GDP of the country. If inflation remains
high household budgets is not the only thing that will
be affected. In the long run it is going to adversely
affect the common man's savings which are largely
dependent on fixed income instruments.