Dear Folk, Welcome back to my blog post on the blog Lylymom. For this blog post, I would love to talk about inflation. I think you may already knew about the word inflation. Please allow me to review about what is inflation? Let's find out about the word inflation from various sources as below: Based on Investopedia, Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods. Based on FinancialExpress, Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing, housing, recreation, transport, consumer staples, etc. Inflation measures the average price change in a basket of commodities and services over time. Based on Wikipedia, In economics, inflation is a general rise in the price level in a...
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