Below shows the trends in inflation rates in a country
2013 12%
2014 18%
2015 24%
Explain five causes that would triggered the increasing inflation trends in the country

Answer:

-Persistent rise in wages and salaries that is passed over to 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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Below shows the trends in inflation rates in a country 2013 12% 2014 18% 2015 24% Explain five causes that would triggered the increasing inflation trends in the country

Below shows the trends in inflation rates in a country
2013 12%
2014 18%
2015 24%
Explain five causes that would triggered the increasing inflation trends in the country