Browsing: Inflation Rate

Inflation is the term used to describe the rate at which prices increase. Rising prices mean your money buys you less in the future than it does today.

International Monetary Fund (IMF) forecasts inflation in the upcoming year hitting the world economy which will degrade the overall economy. The pandemic attacks, Russia-Ukraine War, cost of living crisis and economic downturns are likely to affect the global economy.

The annual rate of inflation based on the All-India Wholesale Price Index (WPI) fell to 15.18 percent (Provisional) in June…