What are the causes of inflation? Why does it occur? And what are the steps or precautionary measures that could be implemented in order to control inflation?

2. INFLATION
CAUSES AND REMEDIES

3. Quantitative measure of the rate
at which the average price level of a
basket of selected goods and services in
an economy increases over a period of
time

4. Demand for non
development
expenditure
Slower
growth of the
economy
Rapid
Monetary
expansion
CAUSES OF INFLATION:

5. Foreign
economic
assistance
Foreign
Remittance
Consumption
habits

6. Increase in
wages
Rising prices
of imported
goods
Increase in
taxes &
duties

7. Tight
monetary
policy
Controlling
government
expenditures
Changing
consumption
habits
CONTROL OF INFLATION