Below shows the trends in inflation rates in a country2013 12%2014 18%2015 24%Explain five causes that would triggered the increasing inflation trends in the country
Answer Text: -Persistent rise in wages and salaries that is passed overto consumers of commodities is hiked prices-Increased government taxes on consumer commodities which is passed over in terms of high prices.-Increased cost of inputs such as raw materials, energy and high interest rates on loans that is passed over as high prices-Increase in profit margin of the producers that is got from increased consumer prices-Increase in credit facilities by the commercial banks that increase the amount of money in supply
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