Descriptive Essay on Inflation | My Homework Writers Sample

Descriptive Essay on Inflation | My Homework Writers Sample

Inflation is one of the greatest economic problems of our time. The descriptive essay on inflation you write should show the reader the magnitude of this problem. Ensure that the reader sees it even as you explain it. You can get help with constructing your essay from our homework assist experts. The elements of descriptive writing should be included in the descriptive essay on inflation. Our homework assist experts will help you incorporate descriptive elements such as sensory details, precise language, and figurative language. You should write the descriptive essay on inflation expressively. Let our homework assist experts show you how to express your feelings to the reader. Below is a sample to guide you.

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In recent times, it has become almost difficult for people to escape the high cost of living. Prices of goods and services keep rising. When the supply of money exceeds the availability of goods, inflation occurs. It is the sustained upward trend in the overall level of prices of multiple goods. This does not mean that inflation occurs anytime the prices are high but rather when there is a rising trend in prices. Inflation is one of the major problems that economies deal with.  For example, if the customer price index was 195.4% in December 2017 and 225.6 in December 2018, the inflation of the period of one year is 225.6 – 195.4/195.4×100 = 15.4%. There are factors that contribute to inflation and measures put in place to control it. A rise in prices is a reality of our time and most people have accepted this fact.

Body Paragraph 1

Various factors contribute to a rise in prices. When it comes to food, the weather may affect food production causing a shortage of food products. That is why you may go to the market and buy a mango, tomato or vegetables at a ridiculously high price. This is because the money available from customer exceeds the availability of goods. Natural problems aside, people also contribute to the rise in prices. Man-made contributors such as hoarding cause inflation. Hoarding occurs when suppliers withhold their goods until the price is high enough for them to sell.

Body Paragraph 2

Whenever business owners notice a shortage of goods on the market, they decide to hoard their goods until the price is so high that they can make insane profits. While the power to check to hoard is vested in the government, it mostly does not have the manpower to execute it. Another contributor to inflation is the government. This happens when the government imposes high taxes on raw materials and finished products. The manufacturers have to increase their prices to meet the government’s regulation on taxes.

Body Paragraph 3

The official rate of inflation ranges from 4% to 5%. With climate change, manmade contributors like hoarding and government taxes, the rate of inflation can only go up. These figures reflect the Wholesale Price Index. The inflated retail prices are not included in these figures. We all know that the retail price is usually higher than the wholesale price. Buying goods at a wholesale price is cheaper than buying a single item at a retail price. Therefore, inflation rates are higher for retail prices. Some of these retail prices are not uniform. For example, you will find that the price of a bag of rice is different in one section of the country compared to the other. This means that inflation rates are higher in other parts of the country.

Body Paragraph 4

There has not been much headway in controlling inflation. Governments do their best to make the cost of living favorably for citizens but most of the time it does not work out. Select committees are formed to monitor the prices and supply of essential products on a regular basis. Apart from these measures, the Department of Consumer Affairs monitors these prices major products such as sugar on a daily or weekly basis. If governments find a way to deal with hoarders and black market prices, they will be able to deal with the inflation problem. Although the government has not made substantial progress, the efforts so far should be applauded.


In conclusion, inflation is a problem that we may not be able to survive but we can surely cope. We may not be able to do much against natural causes such as climate change other than storage of more food but hoarding can be avoided. The government needs to come up with a lasting solution to black market trading and hoarding. Everybody deserves to live an affordable life and we should make it possible for them to do it. The future of inflation is bleak but we can do better.

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