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Inflation

Inflation

Inflation

Inflation

Inflation is the amount that the price of goods and services go up. For example, if your wages go from $10/hour to $20/hour, but potatoes go from $1/kg to $2/kg, then your wages haven't gone up in real terms, because one hour's work still buys 10kg of potatoes. Inflation is generally regarded as a bad thing because, while your work is worth just as much in the example above, your savings are worth less. is the amount that the price of goods and services go up. For example, if your wages go from $10/hour to $20/hour, but potatoes go from $1/kg to $2/kg, then your wages haven't gone up in real terms, because one hour's work still buys 10kg of potatoes. Inflation

Inflation

Inflation is the amount that the price of goods and services go up. For example, if your wages go from $10/hour to $20/hour, but potatoes go from $1/kg to $2/kg, then your wages haven't gone up in real terms, because one hour's work still buys 10kg of potatoes. Inflation is generally regarded as a bad thing because, while your work is worth just as much in the example above, your savings are worth less. is generally regarded as a bad thing because, while your work is worth just as much in the example above, your savings are worth less.