Inflation involves the increase in price of goods and services in the market making things unaffordable to the common inflation is one word that has really affected allot of people, looking at the market price of goods and services as been affected rapidly.
Inflation is really affecting the common man as even though those salary earners are complaining as the price of goods continue to improve and skyrocketed high inflation rate is really a Thorn in the flesh of the common man
Inflation has more disadvantages to the average men compared to the rich. Now that the price of goods and services are so high, workers salary still remain the same and the difference between the previous pay and recent pay is joy even much. The price of gas is very high making many employees not to be taking their cars to work because of the price of fuel. People are really suffering and the rich do not have a problem about that. It is true that the inflation is also having effects on their businesses because the numbers of buyers are drastically reducing because people are now cutting their needs to make sure that their pay is able to carry them for the rest of the month.