Answer:
Generally speaking, Inflation is good.
Explanation:
Inflation refers to a quantitative measure of a rate at which a basket of selected goods and services’ average price level in an economy up rises over some time period. Inflation is indicative of a rise in general price level wherein a single currency unit buys less than what it did formerly. Expressed in percentage, inflation is indicative of a decline in the national currency’s purchasing power.
Inflation is good because firstly, it makes consumers anticipate prices for a continuous rise. When prices go up, people go for buying rather than paying more at a later stage. Secondly, it eliminates the hazard of deflation, i.e., when prices are falling. Here people become more eager towards prices drop prior to purchase.
