How Higher Inflation affects the Average Consumer in India


Inflation is one of the most important economic elements that determines a country’s costs and affordability. It has the ability to both increase demand during a recession/economic slowdown and devalue millions of people’s wealth at the same time. It has suddenly become a buzz term in the economy during the last couple of years, as the price of everyday commodities in India has begun to rise. Looking at the facts, India’s average inflation rate has…