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
The effect of inflation on oil prices also causes the cost of transportation to increase, which means that the prices of many products will increase. Salary increases are very little compared to inflation, which makes it difficult for people with economies below a certain level to meet even their basic needs. Inflation is a great danger for people with bad economies, and governments must take precautions against it.
Even salaried workers are affected by inflation, while the rate of inflation for people who earn their living without a salary or by working daily jobs is very high. Governments should not let their citizens suffer from inflation.