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Class 12 Economics Notes · GSEB

Causes of Inflation

Causes of Inflation — separates demand-pull from cost-push forces and lists the short-term causes that spike prices. GSEB Class 12 Commerce Economics notes with a cause tree, a demand-versus-supply comparison and Indian examples.

Written by Sahil, Commerce Educator · Reviewed by the Study Simplify editorial team · Last updated: 30 Oct 2026

Notes

Causes of Inflation

Learn demand-pull inflation, cost-push inflation and the minor causes from taxation and import prices to scarcity, with Machlup's famous one-liner. GSEB Class 12 Commerce Economics notes.