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7th Apr, 2025

Inflation

Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power over time. When inflation occurs, each unit of currency buys fewer goods and services, eroding consumer purchasing power. It affects everything from everyday groceries to housing costs and can have significant impacts on the economy.

There are several causes of inflation, such as increased demand (demand-pull inflation), rising production costs (cost-push inflation), or an increase in the money supply. Central banks, like the Federal Reserve, monitor inflation closely and may adjust interest rates to control it.

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