Inflation is a term that is generally used when the price of goods/services goes up.
On account of this, the buying power reduces.
At one time you could go and watch a movie for only Rs.2. But that same movie ticket today is costing around Rs. 100 to Rs.200.
Rice at one time was costing around Rs 5 to Rs. 10 and today the price for Rice for 1 kilo is around Rs 20 to Rs.30 per kilo.
This shows the value of money is coming down on account of inflation.
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