Does Raising the Minimum Wage Increase Inflation?
Does Raising the Minimum Wage Increase Inflation?
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7.6K views · 287 reactions | When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? https://econ.st/3fYL0mT | The Economist | Facebook
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Inflation means an increase in prices of goods including food and other necessary items. So, when inflation rises purchasing power of households go down leaving them with less money to spend on other things. In essence, a rise in inflation witnesses a parallel phenomenon of a de-growth of non-essential items. How does it impact the markets? Let's find out https://www.moneycontrol.com/news/business/markets/what-rise-in-inflation-means-for-the-markets-7047821.html | moneycontrol.com | Facebook
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The retail inflation, which is based on the CPI, is mainly factored by the Reserve Bank while deciding on the key interest rates. Know more about India's retail inflation for November here: https://www.moneycontrol.com/news/business/economy/wpi-inflation-rises-to-1-55-in-november-6223621.html | moneycontrol.com | Facebook
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