Infographic on Inflation

Inflation
relates to the sustained rise, over a period of time, in the general
price level when there is a rise in demand (for goods) without an equal
rise in supply.

In
today’s interconnected world, a lack of stability in the prices of
goods and services characterises all types of economies, be it in an
emerging economy like India or in an advanced economy like the United
States or underdeveloped economy like that of Senegal. But as we all
know, any kind of uncertainty is not good for business; so is the case
with price instability. 

If you wish to read a comprehensive article on inflation, check out The Explainer on Inflation I had written a few weeks ago on this blog.

Here's an infographic I sourced from Mint.com (as you can read from the infographic below) on the phenomenon of inflation and how it affects us all.Trust me this is easily one of the best infographics I have come across.