The amount of money in circulation continues to increase will cause inflation in a country, this will have an impact on prices which will also continue to rise. If the amount of money in circulation doubles, prices will also double. An increase in the amount of money in circulation can occur, for example, if the government uses a deficit budget system.
Not just that, the other factor is an increase in oil prices. Everything that we consume is being transported and these vehicles are required to have oil or petrol for their transport.
And that affects the commodities and goods to have higher prices so, with these situations that we're having, it takes a lot of effort for a government to take down these price hikes.
But I know that there are counties that manages to lessen the inflation rate that they're taking and that's also because of good governance and how they're planning well dealing with these unforeseen incidents related to economy.