Mr. Fact Checker

                  Inflation:The Secret Robber The prices of our daily necessities are rising by leaps and bounds. Some people call it price hike. People in general are hard hit by this price is hike or in financial terms called as inflation. This price hike has become a serious problem for the society. Rise of fall of prices depends on supply and demand cycle. If supply is more,price falls. Now supply falls short owing to increasing population and demand must be more for the same reason.So,price rise is a must according to the law of supply and demand. Economists say that is a must in a developing country going to heavy expenditure on developmental works through time-bound plans like five year plans in India. It gives rise to inflation which is the main cause of price rise in a developing country.Being a developing country India is facing such price rises. However,problem arises when wages don't keep pace with the hikes in prices of commodities.Moreover,even when the su