In the year 2000, the rate of milk per liter was ₹12 and the cylinder was ₹350. Fast-forward to today, the rate of milk is ₹60 and the cylinder is ₹950 and above.

Do you have any idea why this rate difference exists?

It’s called Inflation. Today, we discuss Inflation and the craziest hyperinflation. Come on guys, let’s dive into it.

I thought about this for many days. Why there are differences in the price of a product from each certain period? Then due to curiosity to understand this, I searched about it through the internet and also watched YouTube videos. It gives a broad view of inflation. It searched it over six or eight months ago, I think. But even at the age of 19, I don’t know about it before searching on the internet.

A few days ago, I raised a question about inflation to my mom. They also didn’t know about it. So, I decided to write this as a blog. Likewise, this idea begins to share about inflation as a blog.

As I said, inflation is nothing but a gradual increase in the prices of goods and services over time. There are many reasons why inflation occurs. From that, we see some of the reasons for the situation.

Demand over supply:

Our mother taught us these things from our childhood. Today, the rate of tomatoes is increasing due to yesterday’s heavy rain. Even the loss of a tomato due to that product need we ready to pay much more money. Did you notice, guys? Here, the need for a product is high. But the supply is low due to the loss of heavy tomatoes in yesterday’s rain. Here, due to the high demand rate, the price is increasing. So here, the inflation occurs.

Increase in Costs:

The next reason is the Increase in Costs. We all know about this thing guys, we daily hear about the news of war, right? Due to the war, the cost of oil has increased. This is also inflation, right guys? Even though the war happened a lot of distance away from us, it made an issue in our lives. It increases the price of Oil. It’s one example. Due to the hike in oil prices, the other goods prices also increased. Because all transportation of goods needs oil. So, in the end, all product prices should increase. I hope now you understand about Inflation.

But like Thalaivar said “Edhu summa trailer tha ma, nee ennum main picture pakkalaya”. Likewise, the other craziest thing is Hyperinflation.

Just imagine now you are going to the hotel and ordering a Briyani. The worth of Briyani at the time of order is 100. But after you had lunch in time to settle the amount, the worth of Briyani is 150.

How do we feel? Very bad, right? Ya.

Which is called Hyperinflation.

Whether in inflation, they increase gradually in the prices of goods and services over time. But in Hyperinflation, it takes some hours to see the price changes. Very crazy, right?

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