Table demonstrating the increase in the price of common household items as a result of inflation over a 1-year period.
Inflation has been affecting households and companies alike, be in the form of increase in prices of goods and services or be it in the form of decrease in the value of the currency held. While other economic indicators like GDP (Gross Domestic Product) growth rate, trade balance, government debt etc have an indirect impact in terms of the broad outlook and future strategy of households and companies, inflation has a direct impact on the day-to-day activities of these entities. To a common man, inflation means a rise in rents, rise in food prices, decline in value of currency, increase in interest on loans and negative returns on term deposits!
Read about Inflation in India and How to survive and even thrive during inflation for both companies and individuals.
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