Legal Question in International Law in India
inflation
please give me the explanation of inflation rise
Asked on 6/06/08, 5:38 am
3 Answers from Attorneys
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
Re: inflation
Posted in the wrong Forum. Not a legal but economics subject.
Answered on 6/07/08, 5:58 am
Garima Prashad
GARIMA PRASHAD & ASSOCIATES
Re: inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
As inflation rises, every dollar will buy a smaller percentage of a good. For example, if the inflation rate is 2%, then a $1 pack of gum will cost $1.02 in a year.
Most countries' central banks will try to sustain an inflation rate of 2-3%.
Answered on 6/06/08, 6:27 am
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: inflation
Refer the newspaper!!!
Wrong forum.
Answered on 6/10/08, 12:41 am
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