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Inflation and associated issues

  Oct 13, 2021

Inflation and associated issues

Q Why is it in News ?

A Inflation for the last four months has been worryingly high. This is happening at a time when demand has been down, unemployment has been high, many have lost incomes and poverty has aggravated.

Q Issues with the recent inflation data? 

Q What is Impact of the inflation ?

Q What are Factors leading to inflation ?

A

Q How can it be concluded ?

The current official inflation rate does not correctly measure price rise since the lockdown administered a shock to the economy. The method of calculating it needed modification.