Characteristic Features of Inflation
- Increase in the supply of money i.e. increased availability of money.
- increase in the general price level.
- Decrease in the value of money i.e. money becomes worthless.
- Scarcity of goods and services.
- High demand for goods and services.
- Increase in the cost of living i.e. high prices in the market.
- Decrease in standard of living i.e, inability to get usual basic needs.
- Increase in the money wages i.e. appreciation in salary amount.
- Decrease in real wages i.e. the increased salary . now buys less than before.