Inflation

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    Inflation

    Definition

    Inflation: A general and sustained rise in the level of prices of goods and services – prices of vast

    majority of goods and services on sale to consumers keeps rising over time.

     

    Stagflation: Persistent high inflation combined with high unemployment and stagnant demand in

    a country’s economy.

     

    Hyperinflation: Prices rise at phenomenal rates in short periods of time, rendering money

    worthless. Usually, the inflation rate is in double digits

     

    Deflation: The prices of goods and services fall. This is usually negative inflation.

     

    Disinflation: Fall in the rate of inflation.

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