Inflation refers to the rate at which the general level of prices for goods and services in an economy rises over a period of time. It is typically measured as an annual percentage increase in the consumer price index (CPI) or another inflation index. Inflation erodes the purchasing power of money, leading to a decrease in the value of currency over time.
The silent thief of purchasing power 💰📈 Inflation erodes the value of money over time.
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