Increased demand and rising prices in a market is an economic phenomenon often referred to as “market inflation.” Market inflation occurs when the demand for a particular product or service outstrips the available supply, resulting in an increase in its price. This can be caused by the natural growth of industry demand or by artificial forces, such as government subsidies or currency devaluation. In any case, increased demand and rising prices in a market means that sellers can charge higher prices for their goods and services, while buyers must pay more due to the effect of supply and demand.