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Title: CONSEQUENCES OF INFLATION - PowerPoint PPT Presentation
Description: The UK government believes that a consistent increase in inflation rate can cause problems, which can lead to damaged economic and social consequences: Redistribution of income: One of the most devastating effects of high inflation rates is felt mainly by the lower-income families and the older people in the society. This is the result when prices for basic human needs like food and domestic utilities increase at a rapid rate. – PowerPoint PPT presentation
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