what do u mean by inflation?

Answer 1

Do you remember when you could buy a candy bar for a nickel? That's inflation.

Answer 2

In mainstream economics, inflation is a rise in the general level of prices, as measured against some baseline of purchasing power. The prevailing view in mainstream economics is that inflation is caused by the interaction of the supply of money with output and interest rates. In general, mainstream economists divide into two camps: those who believe that monetary effects dominate all others in setting the rate of inflation, or broadly speaking, monetarists, and those who believe that the interaction of money, interest and output dominate over other effects, or broadly speaking Keynesians. Related terms include deflation which is a falling general level of prices, disinflation which is the reduction of the rate of inflation, hyper-inflation which is an out of control inflationary spiral and reflation which is an attempt to raise prices to counter act deflationary pressures.

Answer 3

Look at it this way. Yesterday a gallon of milk costs $2.99
and today it costs $3.25 a gallon. That is one example of inflation. When you find your dollar eroding in value...you can thank inflation.

Answer 4

inflation means the rising costs of a thing. for example, you bought a lollipop of AED 2 last week, you will see that the same lollipop will reach the price AED 3 in the next week...

Answer 5

Inflation has to do with the prices of products for example, ten years ago I could buy gas for $0.89/gal. Now, I am lucky to buy it for $2.79/gal.

Answer 6

a consistant or gradual change in the gernal price level (GPL)..which usually only effects the non elastic products ( for which they have no substutions )

Answer 7

simply an increase in price level

Answer 8

You earn more but get the same or less in return.