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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In chapter-3, the author introduces us to a new concept called 80/20. You can see this pattern in almost everything you comes across in our day to day life. Like in a given area/country 20 percent people will govern the rest of 80 percent people or 20 percent people will be wealthier compared to 80 percent, 20 percent of the customers will be responsible for 80 percent of the sales, etc., In the same way 20 percent of your activities will reflect the 80 percent of your results.

So framing the 20 percent is more important and the author is calling that 20 percent as “Vital few” and the remaining 80 percent as “trivial many”. As discussed in the previous chapters, we tend to spend our energy addressing things from the 80 percent and feel that we did not achieve anything. But that has to happen in the reverse order. From the entire pile of the activities you have listed, pick the top items that you feel either difficult to achieve or tedious yet valuable.

Focus should be given to that 20 percent items. So if you knock off the items from the “Vital few” you feel accomplished and achieving the things from 80 percent or the “Trivial many” shouldn’t be that tough.

As a reader even I am trying to follow and implement these principles in my day to day life and will share my experience in the future blogs. But to me this is very much achievable and we all should give this a try.

Happy reading and see you all in the next chapter discussion.