Inflation and inflation-uncertainty in India

Authors

  • Dr. Upasana Associate Professor, Department of Commerce. HKMV Jind

Keywords:

Inflation, Uncertainty, Government

Abstract

The annual percentage increase or decrease in the Wholesale Price Index (WPI) is the measure of inflation. It's a decent indicator of how much prices for a certain set of products and services have fluctuated over the course of a year. India uses the World Producer Price Index (WPI) as its inflation benchmark. When these factors combine with shifts in the cost of production and distribution and/or an increase in product taxes, the result is inflation. The value of money declines when inflation occurs in an economy, as measured by a general increase in the cost of living. This signifies that the purchasing power of one currency unit has decreased. Buyers are the ones that suffer the most. Consumers are having a hard time affording even the most fundamental necessities due to the rising cost of goods. They have no choice but to demand pay raises because of this. Therefore, the government works to limit price increases.

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Published

31-12-2020

How to Cite

Dr. Upasana. (2020). Inflation and inflation-uncertainty in India. International Journal for Research Publication and Seminar, 11(4), 197–202. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/1216

Issue

Vol. 11 No. 4 (2020): october-december

Section

Original Research Article

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