Central employees DA to increase by 4%: Inflation impact
The Modi government of the Center can announce a 4% increase in DA of central employees. With the current inflation, the DA increase of January-June period will be 4% and it is now possible to declare fast.
Top sources say that the government will now announce the DA increase in January and implement it only. Previously, July-December quarter increased by 4% DA.
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Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. ... Often expressed as a percentage, inflation indicates a decrease in the purchasing power of a nation's currency
Three Types of Inflation. ... Thus, inflation has an impact on the cost of living and the development of the economy as a whole. Starting from there, we can identify three main types of inflation: demand-pull, cost-push, and built-in inflation
Causes of Inflation
The Money Supply. Inflation is primarily caused by an increase in the money supply that outpaces economic growth. ...
The National Debt. ...
Demand-Pull Effect. ...
Cost-Push Effect. ...
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Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. ... For example, prices for many consumer goods are double that of 20 years ago.