Inflation

Inflation refers to the general increase in prices of goods and services over time. When inflation occurs, the purchasing power of money decreases, which means that you can buy less with the same amount of money. Imagine you have $10, and you could buy a sandwich with that money. However, if inflation happens, the price … Read more

Inflation is a sustained upward movement in the overall price level of goods and services in an economy. It means that the general level of prices is going up, and it takes more currency units to buy the same amount of goods and services. Inflation is measured as the rate of change of prices Inflation … Read more