Inflation hits a 40 year new high. After 1982, this year it has reached higher then 9.0%. It does not only include the fuel prices but it also consists of food prices and shelter prices too.
What’s the main cause of inflation going high ?
How it can be Controlled?
The Governments usually control it by reducing the prices or increasing salary cap. They can control it giving discounts on basic things like grocery items of daily use. Governments can also pursue a contractionary monetary policy, reducing the money supply within an economy.