Review:
Inflation
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
Inflation is the rate at which the general level of prices for goods and services is rising, and consequently, the purchasing power of currency is falling.
Key Features
- Impact on cost of living
- Effect on savings and investments
- Central bank policies
Pros
- Can stimulate economic growth by encouraging spending
- May help to reduce debt burden for borrowers
Cons
- Reduces purchasing power of consumers
- Can lead to uncertainty and instability in the economy