The general price of goods and services is rising in Tikeris, a country in Western Europe. Given this information, it can be said that Tikeris is experiencing _____.

A) privatization
B) deregulation
C) deflation
D) inflation

General Price

The common or prevailing price level for goods or services in a market.

Goods And Services

The tangible products and intangible activities that fulfill the wants and needs of consumers.

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power of the currency.