Question

Frequent changes in the cost of which of the following commodities at international levels push inflation upwards?

• A. Vegetables
• B. Foodgrains
• C. Petroleum products
• D. All of the above

Answer 1

The correct option is D All of the above

Inflation is an economic situation where the general price level in the economy for all the relevant goods has a constant appreciable rise which is a result of some change in production of real output in the economy that leads in some market change for those goods. Inflation in international market usually occurs dues to frequent changes in the cost of vegetables, food grains and petroleum products which are in high demand and any changes in its cost push the price upwards.