Not a single country in the world are not affected by the financial disease known as inflation. Moreover, if the country is still classified as developing countries. So what is inflation acctually ...According to Wikipedia, in economics,
inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
When the price level rises, each unit of currency buys fewer goods and services; consequently, annual inflation is also an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy
A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.
