SUMMARY OF MAIN CAUSES OF INFLATION:Devaluation - increasing cost of imported goods, and also the boost to domestic demand. Rising wages- higher wages increase firms costs and increase consumers' disposable income to spend more.
SUMMARY OF MAIN CAUSES OF INFLATION:
Devaluation - increasing cost of imported goods, and also the boost to domestic demand. Rising wages- higher wages increase firms costs and increase consumers' disposable income to spend more.