Inflation is when the prices of essential goods increase. India is going through inflation. One may ask - "what's the problem with inflation?" The biggest problem is when inflation happens, but wages and salaries don't increase. This means... Suppose your salary is Rs. 25,000 per month. Last month, you bought your groceries for Rs. 2,000. This month, the same Rs. 2,000 will get you lesser quantity of groceries. Last month, you bought 10 bananas for Rs. 50. This month, you…