cesarinhio [2019-05-05 06:42:03 +0000 UTC]
In economics , inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] [2] [3] [4] When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[5] [6] The measure of inflation is the inflation rate, the annualized percentage change in a general price index , usually the consumer price index , over time.[7] The opposite of inflation is deflation (negative inflation rate).
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