The products which were bought at the same price in the last four-five years now have to be bought at two to three times more. Now what is the real reason, what should we do at this moment. The real reason for this is the effect of inflation which causes the price of everything to rise. This inflationary effect increases the prices of our daily necessities. Due to which the value of our money is constantly decreasing every year. As a result, it is almost impossible to buy and drink a cup of tea from outside.
Inflation is a big challenge to any economy because it also affects the reach of the national budget. When the government estimate the budget that is capital and expenditure for the year, they need money to execute the budget but with inflation in the economy, the money required will not be enough to execute all of the budget and if it stops half way, it means some aspect of the economy will suffer. Also as an individual, your salary will no longer be okay to take care of your needs because the purchasing power of your money has been reduced by high cost of goods which makes your money not sufficient anymore but the solution is to diversify in investment so that you can have more hands to generate income from which will cushion the effect of the inflation for you