Question:

What thing causes the inflation that we face right now?

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What thing causes the inflation that we face right now?

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  1. the main reason is the increase in the oil price. with an increase in fuel then transport costs increase. this means production costs increase and so the price for the product must increase in order to create a profit. so now goods are more expensive so workers need a increased wage which means production costs increase and so does price. as you see this cycle never ends and with fuel always getting more expensive inflation also increase greatly.


  2. Only one thing, reckless government spending.

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