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Essay on Inflation | Inflation Essay for

Students and Children in English
June 13, 2020 by sastry

Essay on Inflation: A sustained rise in the prices of commodities that leads to a fall in the purchasing power
of a nation is called Inflation. Although inflation is a part of the normal economic phenomena of any
country, any increase in inflation above a pre-determined level is a cause of concern. The causes of inflation
are many. While it is -often cited that a drop in India’s agricultural output lead to the decline in supply, figures
tell a different story.
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You can read more Essay Writing about articles, events, people, sports, technology many more.
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Long and Short Essays on Inflation for Kids and

Students in English
Given below are two essays in English for students and children about the topic of ‘Inflation’ in both long
and short form. The first essay is a long essay on Inflation of 400-500 words. This long essay about
Inflation is suitable for students of class 7, 8, 9 and 10, and also for competitive exam aspirants. The
second essay is a short essay on Inflation of 150-200 words. These are suitable for students and children in
class 6 and below.

Long Essay on Inflation 400 Words in English

Below we have given a long essay on Inflation of 500 words is helpful for classes 7, 8, 9 and 10 and
Competitive Exam Aspirants. This long essay on the topic is suitable for students of class 7 to class 10, and
also for competitive exam aspirants.

India’s food production crossed 235 million tonnes during years 2010-11 as per the latest estimates and
this is the highest since Independence. The previous highest production, at nearly 233 million tonnes, was
achieved in years 2008-09. Agriculture recorded a 5.4% growth in years 2010-11 compared to the 4%
growth achieved all these years, according to S Ayyappan, Director-General of the Indian Council of
Agricultural Research.

However, inflation reflects overheating: the supply capacity of the economy is simply unable to match the
demands on that capacity. Moreover, purchasing power of consumers is increasing and hence demand is
accelerating. Minimum Support Prices (MSPs) for agriculture have also been increasing. The MSPs for
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various varieties of paddy during the years 2009-10 was between ₹ 950-980 per quintal and during the years
RS AGGARWAL
2010-11, SOLUTIONS
it increased ICSE per
to ₹ 1000 to 1030 SOLUTIONS
quintal. SELINA SOLUTIONS ML AGGARWAL SOLUTIONS ISC & ICSE PAPERS MATHS

Moreover, for pulses such as Arhar and Moong the MSPs in years 2009-10 was ₹ 2300 and ₹ 2760
respectively, while in years 2010-11, it increased to ₹ 3000 and 3170 respectively. Another major cause of
inflation is the increase in the prices of fuel internationally, which is contributing to the overall price inflation.
There has been a steady increase in the international prices, with the Indian crude basket priced at $11 3.09
per barrel, as on May 2011. Any change in price of diesel immediately impacts price of food items, since
most of them are dependent on transport through several 100 km. Inflation, in short, is “too much money
chasing too few goods”. According to analysts, corruption, mafia operations, greed for money by politicians
and industrialists, counterfeiting of currency notes etc., also contribute to corruption as they add to the
availability of liquidity in different forms, which in turn adds to inflation.

High level of inflation distorts economic performance. It has added pressure on the Central Bank to raise
rates despite signs of slow growth in the Indian economy. Thus, high inflation and rising interest rates are
crimping domestic demand and slowing down the economy. Inflation also affects investment as higher
long-term inflation adversely affects growth and investment. High inflation is pushing up the cost of credit
for firms as well as escalating their input costs by inflating their spending on raw materials and wages.
Corporate investment is affected by cost escalation of inputs, and inflation is waning the confidence in the
economic growth.

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Short Essay on Inflation 150 Words in English

Below we have given a short essay on Inflation is for Classes 1, 2, 3, 4, 5, and 6. This short essay on the
topic is suitable for students of class 6 and below.

Food inflation adversely affected the country in 2013 and 2014 consecutively. Curbing the prices of goods
is essential in order to attain revival from the slowdown in economic growth. Food bills already consume
35% of household incomes.

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Inflation, as pointed, out by economists, occurred due to weak monsoon needed for the cultivation of
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summer SOLUTIONS
crops. Despite ICSE SOLUTIONS
being the second SELINA
largest producer SOLUTIONS
of fruits and vegetablesML AGGARWAL
after SOLUTIONS
China, India suffers ISC & ICSE PAPERS MATHS
from shortages, owing to the lack of efficient cold storage and transport facilities. RBI Governor though, has
promised to cut down inflation to 8% by 2015. All measures to curb inflation would be successful only if the
middle men in the supply chain are barred from carrying out their nefarious activities. Only can then we not
lose out on onions and tomatoes on our dinner plates.

Inflation Essay Word Meanings for Simple Understanding

Output – the material produce or yield, product
Escalating – to increase something in extent
Accelerating – to cause faster or greater activity, development, progress, advancement
Crude – lacking finish, polish, or completeness
Counterfeiting – made in imitation so as to be passed off fraudulently or deceptively as genuine
Distort – to give a false, perverted, or disproportionate meaning to, misrepresent
Crimping – to check, restrain, or inhibit; hinder
Escalation – increase in intensity, magnitude, etc
Waning – decreasing in strength, intensity, etc
Revival – restoration to life, consciousness, vigour strength, etc
Nefarious – extremely wicked or villainous

Filed Under: Essay Writing

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