Inflation exists when ........

General Studies (CHSL) Indian Economy

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Inflation exists when

there is general increase in the prices over time.

there are periodic decreases in the price level.

there are continuous increases in the output level over time.

there is rise in the purchasing value of money.

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Explanation:

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods.