
Imagine you’re at your favorite coffee shop. You order your usual latte, and the barista tells you it’s now $5, up from $4.50 last month. You wonder why prices keep climbing. Welcome to the world of inflation, where the cost of goods and services rises over time, making your dollar worth less than it was yesterday.
What is Inflation?
In simple terms, inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. Think of it like this: if inflation is 3%, your $100 bill will buy you 3% less stuff next year. It’s like a sneaky thief, slowly stealing your money’s value. Read Full Article
Inflation Explained for Non-Economists: Causes and Effects