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INFLATION | Snug'd

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INFLATION

The rise of inflation rate is always bad news especially to salaried indviduals. If the cost of products and services increases, the value of money likewise decreases because it could not buy as much as it used to. Regular employees particularly suffer the brunt of it. They have to let go of eating out and other activities that entail additional expense. More often than not, even the budget for food as well as other essential things is lessened. It is unfortunate that promotions and salary inflation raises don’t happen as often as price increases, so people are compelled to make do with what they have. When it is absolutely necessary, some people even acquire loans to augment their income. Clearly, there are so many things people have to put up with in because of inflation.

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What is inflation?


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