The inflation sometimes scares me away because most of the time when I hear about inflation I wonder how it can be managed that it won't affect the citizen but then when inflation comes, if not well managed then it becomes something that most people will run at last or not able to get funds for themselves.
In a layman language, inflation is when things become high in price and people are unable to get what they want probably has a result of some factors which has propelled it... What prompted me to writing about this is because I was able to go out to some market today and I saw how commodities were just lying down with no one to buy them just because the price has gone high..
In the act of this, most of the sellers which have the motive of selling to get money won't be able to do that just because there is no means which people can afford things which they are selling..This cost of price is now affecting most of the financial and economic sector of the country and there is no way this will happen and it won't affect every citizen..
The hike in price of a commodity is considered as a harmful one which can run down the economy growth of a country.. Imagine buying a commodity for $2 and when inflation came in the price increased to about $6. Now tell me how could a neutral person in which does not have a stable income be able to afford that in this current time?? I really don't think that will be possible because such person we find it hard to cope with financing himself and keeping up with paying for price of commodities when there is a high increase in prices of commodities which they will be needing.
That is why, whenever inflation sets in it affects everyone financially because the money is coming in which you used to buy goods won't increase but you still have the same money at hand and you still want to buy the same commodity at a high price which will be hard to do.. Writing this post today, is just like sharing my own view of inflation on the economic growth....
