what is inflation?

by **ns5** on Fri Oct 23, 2009 3:44 am

what is inflation?

by **TROLL** on Fri Oct 23, 2009 3:49 am

No muney, no huney

by **Marley3671** on Fri Oct 23, 2009 3:52 am

A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.

by **pau** on Fri Oct 23, 2009 4:17 am

increase in prices of things (all things). Every year, inflation goes up to some percentage, can be 2%, can be 6% depending on each country cost of living standard. The higher it is, the higher is the cost of living in that country

by **NiosaPunso** on Fri Oct 23, 2009 4:43 am

(cosmology) a brief exponential expansion of the universe (faster than the speed of light) postulated to have occurred shortly after the big bang.

Thanks for the 2 points!

by **LoveJoy692** on Fri Oct 23, 2009 4:47 am

rising of prices

by **STLBiker488** on Fri Oct 23, 2009 4:50 am

Think of it this way:

You never get a pay raise but the cost of food keeps going up. You can purchase less with your available money. That is inflation.

In the United States the average income is about $40,000/yr compared to $6,000/yr in the Philippines. Since the U.S. is expected to have greater inflation the average salary will either stay the same or decrease making the cost of commodities more expensive to Americans. Also because the value of the dollar is expected to continue to drop in relation to other currencies the cost of goods are expected to rise. So not only will Americans be making less money in the future because high levels of unemployment but the cost of imports will also be more due to the value of the dollar decreasing.

what is inflation?