What Is Inflation?

by Michael Lodge

Everyone needs to know what is inflation.  Here is a more modern explanation of what inflation is all about.  Watch the video and read the article.

INFLATION – YOU GOTTA KNOW

What is ‘Inflation’
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.