Tag: money

What is Inflation?

What’s Inflation? Inflation refers back to the rise within the costs of most items and services of daily or common use, such as meals, clothes, housing, recreation, transport, shopper staples, etc. Inflation measures the average value change in a basket of commodities and services over time. The opposite and rare fall within the price index of this basket of things is named ‘deflation’. Inflation is indicative…