Open AccessIMPACT OF INFLATION ON THE COST OF LIVING IN INDIA
Author(s) -
Jahaan Singh Oberai,
Deepak Sharma
Publication year - 2021
Publication title -
international journal of advanced research
Language(s) - English
Resource type - Journals
ISSN - 2320-5407
DOI - 10.21474/ijar01/13375
Subject(s) - inflation (cosmology) , economics , cost of living , nothing , goods and services , keynesian economics , monetary economics , real interest rate , simple (philosophy) , phenomenon , macroeconomics , monetary policy , economy , philosophy , physics , epistemology , theoretical physics , quantum mechanics
An economy may be categorized as developed or developing, but Inflation is something which is common in both the types. Inflation is a phenomenon which cannot be avoided and is therefore a universal problem faced by all economies. If stated in simple terms, inflation is nothing but a constant rise in the prices of goods and services due to certain factors. The article critically examines the impact of inflation on the cost of living in India. All aspects of inflation are discussed in the following article.