Inflation, Pricing, Economics
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Inflation, Pricing, Economics

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Short excerpt:

The world economy is changing at a faster pace these days. Due to the introduction of new technology, advanced production methods and expensive factors of production, the global economy is elevating at a higher level too. Along with this, there are many factors which are causing several things to change in the economic as well as the social structure of various countries. One of those major concerns includes the issue of price escalation at a very quick pace since last many years. This escalation of prices, these days, has been occurring in the prices of oil, electricity, gold and above all, in the prices of food. The rise in the prices of all these commodities started in the year 2006, when the international markets faced a steep hike in the prices of all the eatables around the globe.

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