Is it meaningful to identify different causes of inflation?

Question

why please give the reason

Answer 1

yes, always meaningful

Answer 2

yes, because there are kinds so like on gas, corn which kind of inflation it is. Here are 2 examples:

Demand-Pull inflation

if buying goods is growing faster than amount of goods that have been made, then prices will go up. This most likely

Cost-Push inflation

when the cost of making goods (made by the company) go up, they have to make prices higher to still make profit out of selling that very product.

Answer 3

I know one reason:

1. A buoyant economy-- Meaning an increase in the demand in the market for a certain product.

Will cause Inflation: A dramatic rise in the prices. =)