Have you ever wondered why the money in your hands is becoming less and less valuable? Why are prices always rising? Behind all this, there is an economic term: inflation. So, what is inflation?
Inflation, simply put, refers to the decline in the purchasing power of money and the general rise in prices. It is usually caused by an excessive money supply or insufficient productivity. Inflation can have many negative effects on the economy, such as affecting consumption and lowering living standards. However, governments also sometimes stimulate economic growth through inflation.
Inflation, an economic phenomenon that seems distant but is closely related to our lives. Its presence affects our consumption, investment and daily life at all times. Welcome to leave a message in the comment area to discuss inflation-related topics together. Let's focus on the economic situation together and prepare for the future of life.