Inflation is one of the most important economic problem faced by countries around the world it refers to the continuous rise in the prices of goods and services over a period of time when inflation occurs the purchasing power of money decrease which means people can buy fuel goods and services with the same amount of money inflation affect individuals families business and the overall economy less small and control level of inflation is considered normal for economic growth high inflation and can negatively effect society inflation has a direct impact on the daily lives of people prices of good such as food fuel electricity transportation clothing health care and education increase over time as a result family have to spend more money to meet their basic needs people with low and comment the most because the earnings may not increase at the same rate as prices for example if a person answer the same salary everyone but the prices of food and fuel rise significantly they may struggle to manage their house and expenses this situation can reduce the standard of living and create financial stress one of the major causes of inflation is an increases demand for goods and services when we will have more money to spend and demand for products become higher than the available supply price is natural increase this type of inflation is open called demand full inflation another causes cost inflation which happens when the cost of producing if the prices of raw materials labour transportation or few rice businessman profits government places and government policies and economic condition can also contribute to inflation for instance printing too much money or increasing government spending without proper planning can increase inflation rates .