In India the rising income levels on account of several poverty reduction and employment enhancement...........

Economic Affairs Inflation

In India, the rising income levels on account of several poverty reduction and employment enhancement schemes led to increased consumption of protein rich foods. This led to inflation in protein foods. Such type of inflation is called

Inflation caused due to Deficit Financing

Seasonal Inflation

Cost Push Inflation

Demand Pull Inflation

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Explanation:

- Deficit Financing leads to excess liquidity in market leading to fall in currency prices.
Cost push inflation can be due to reasons like rise in administered prices, rise in global prices, depreciating currency making imports costlier, increase in lending rates.
The given case is of demand pull inflation leading to rise in prices of protein rich foods. (also the supply is not rising with demand)