When the price of goods and services increases, it is known as inflation. Deflation, on the other hand, results in a decrease in the prices of goods and services in the country.
Further Reading:
| Related Links | |
| Reserve Bank of India | UPSC Syllabus |
| Inflation Targeting | UPSC Mains Answer Writing |
| Economy Questions on UPSC Prelims | Topic-wise GS 3 questions for UPSC Mains |
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