One of my relative
said that his salary in 1980s, Rs.6,000 and he paid the rent Rs.1,000 and his
salary in 2000s around Rs.1,30,000 and he paid the rent around Rs.25,000
He is arguing that
there is nothing called inflation.
He is arguing that
the value of money has been increased but that does not affect the buying
capacity of people. Is it true?
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