The Effect of Rising Inflation on Everyday Life

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Assalamu Alaikum,
A little great competition on inflation has been organized by the respected admin of Hindwhale community @deepak94 sir. Inflation acts like a curse for every human being. Inflation disrupts our normal life. Inflation gives us a big negative impression in the economy. Let me share my normal impression with you.

Impact of rising inflation on daily life

Inflation is the decrease in the purchasing power of money due to the increase in the prices of goods. Inflation has a negative impact on the common people. As a result of inflation, the prices of essential commodities increase, which has an adverse effect on normal living standards.

Inflation reduces the value of money, which puts people with a certain income in trouble. As a result of inflation, people with a certain income cannot maintain their normal lifestyle. Especially, they cannot reduce their food, medical, and education expenses, which makes it difficult to balance their expenses with their income.

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Common people face difficulties while saving some amount from their income due to inflation. Many people break their savings and investments due to inflation to maintain a normal standard of living. As a result of inflation, business instability is seen, many are afraid to invest and there is a recession in trade. Inflation is a curse for us that can reduce people's purchasing power and stop normal life.

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I think inflation is high for a specific reason, which is the devaluation of the currency. Printing more paper currency and releasing it in the market causes inflation and it is difficult to control this inflation. Supplying excess currency in the market reduces the value of the currency and increases the price of goods.

I invite you @azwar82 @uzma4882 @zisha-hafiz to participate in this competition.

Thanks for reading my post