Inflation is a percentage rate of change in the price level. It is the condition of a continually rising price level.
Inflation is the rising prices caused by a combination of excess consumer demand and increases in the costs of raw materials, component parts, human resources, and other factors of production.
Inflation is a process whereby the average price level in an economy increases over time.
It is the rise in the average level of prices for all goods and services in a particular time period, with a corresponding decline in the purchasing power of the dollar.
Webster Dictionary Meaning
- The state of being puffed up, as with pride; conceit; vanity.
- Undue expansion or increase, from overissue; -- said of currency.
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