How does inflation affect your daily living?

By BankBazaar.com

You might be enjoying your cup of tea at a tea stall or you might be having a sumptuous meal in the afternoon!  Even here or especially here you will feel the pinch of inflation. This article explains inflation in detail. It also helps you with suggestions to get the better of it. Inflation According to the rule of economics, inflation is the increase in the average level of prices for goods and services. A sample basket of goods and services is used to get an estimated figure of the change in prices because it is not plausible to calculate change in prices of each and every product and service separately. Inflation is primarily of two types: demand-driven inflation and supply-driven inflation.