What Inflation Actually Looks Like in a Student’s Life

Have you ever experienced the pure disappointment of seeing your school canteen's samosa go from 10/- to 15/-?A 5% increase for some, may have not been a big deal, but for most it was absolutely devastating as they’d now have to compromise on something else or just have less money with them in general. 

Have you ever wondered why this happens? It can all be explained by one simple term: inflation. Inflation is the general rise in price levels over a given period of time. It can be caused by a rise in demand or a stronger position of your country. Its effect can be seen everywhere from auto fares to interest rates on loans. You might be wondering how this affects you, a student? Well that’s where it gets interesting.


The pocket money you once got no longer holds the same value it once did, reducing your ability to spend on purchasable items. This may seem disappointing, but it's actually an indicator that your country is growing economically. Your parents' incomes may even increase and if you're lucky your pocket money too. However, the latter may be a little unlikely.



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