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Inflation
01
the ongoing increase in the general price level of goods and services in an economy over a period of time
02
(cosmology) the rapid expansion of the universe following the Big Bang
03
the act of filling something with air
04
lack of elegance as a consequence of being pompous and puffed up with vanity
Example
High inflation erodes the value of savings and investments, as the cost of living increases.
Cost-push inflation occurs when production costs rise, leading to higher prices for consumers.
Central banks aim to manage inflation through monetary policies such as interest rate adjustments and open market operations.
Inflation has caused an increase in the rate of goods and services.
Due to inflation, many workers demanded a raise.
