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What is Inflation?
Inflation is when the prices of most goods and services continue to creep upward. When this happens, your standard of living falls. That's because each dollar buys less, so you have to spend more to get the same goods and services.
If inflation is mild, it can actually spur further economic growth. If prices rise slowly and gradually, it can encourage people to buy now and avoid future price increases. This increases demand, driving further economic growth.
What is Stagflation?
What is Deflation?
What is Hyperinflation?
Inflation is when the prices of most goods and services continue to creep upward. When this happens, your standard of living falls. That's because each dollar buys less, so you have to spend more to get the same goods and services.
If inflation is mild, it can actually spur further economic growth. If prices rise slowly and gradually, it can encourage people to buy now and avoid future price increases. This increases demand, driving further economic growth.
What is Stagflation?
What is Deflation?
What is Hyperinflation?