but supply of money is a fixed component by CB
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When prices rise excessively, money decreases in value because inflation causes it to have less purchasing power. Less purchasing power means consumers spend more to buy less. As a result, they have less money to pay bills and fewer dollars to use on essential items.
Central Bank fixed the Money supply for a period of time but it can change accordingly to tackle the problem. Monetary policy is useful only in case of deflation so to reduce the velocity means declining the money supply but putting limits. velocity ka mtlb hai ki money kitni bar hands change kar raha hai agar transaction jada hai toh inflation situation ha.