INFLATION DEFINITION:
GENERAL PRICE LEVELS INCREASES
VALUE OF MONEY (PURCHASING POWER OF MONEY ) FALLS
MONEY CIRCULATION > PRODUCTION
PROBLEMS:
PRICE RISE IS FASTER THAN INCOME
STANDARD OF LIVING DECLINES
MAJOR SOCIAL TENSIONS
INTERESTING FACTS :
Hungary:-highest ever inflation,1946
Argentina:- 3,500 percent,1989,Brazil, 1,200 percent; Peru, 2,500 percent.
Zimbabwe :-1ooooo percent, September, 2008
Delhi :- 1998 when the Bharatiya Janata Party (BJP) lost state elections Onion Prices rised
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