Inflation has become one of the most pressing financial issues of the world today. It is a situation of constant price rise and in the long run when employment is full, it makes the rich richer and the poor poorer. Inflation after a certain extent is mostly proved to be harmful for the economy.
The oil price hike is one of the most important issue now. Oil being a non renewable resource is going on being exhausted and hence situation is coming where the demand exceeds supply. H the price rises constantly leading to an inflationary situation. Very recently the price of petroleum has gone up in India and this has also led to various oil price hike protests which have not been too fruitful.
