Post
Topic
Board Economics
Re: Inflation and it's impact to the common man
by
Sarah_Jannat42
on 04/12/2024, 15:17:44 UTC
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
Actually when salaried people are used to living their lives at fixed prices, if the price of something increases it will become unbearable for them during the inflation. It is not only the salaried people who will suffer but all classes of people except the upper class will face problems. Sometimes inflation is done for the sake of the domestic economy, but most of the time it is done for the sake of corruption.