In inflation, too much money chases too few goods. It affects poor more than rich and distributes income in favor of rich. Thus, inflation leads to more inequality in the society, helps rich get richer and poor get poorer. Thus, Inflation is regressive in nature and hits lower class more. Inflation hits the savings and also makes people think to earn more by speculation.
Types of Inflation
There are four main types of inflation, categorized by their speed. They are
There are specific types of asset inflation and also wage inflation. Some experts say demand-pull and cost-push inflation are ....
