How an Upcoming Inflationary Period Can Affect You

September 23, 2011
How an Upcoming Inflationary Period Can Affect YouThe concept of inflation is pretty simple. It is defined as a general rise in prices in an economy over a given amount of time. There is some debate about the causes of inflation, but its effects on consumers are clear. It reduces the value of currency, which means that the same amount of money buys us a lower amount of goods and services than it did before. The rate of inflation varies from year to year. Monetary authorities strive to keep inflation low and steady, but sometimes it rises due to circumstances beyond their control. Fortunately, rising inflation rates...

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