dr.fred on Nostr: inflation is the sustained increase in the general price level of goods and services ...

inflation is the sustained increase in the general price level of goods and services in an economy over a period of time.

it comes from 'inflare' which is latin meaning to blow up.

in terms of bitcoin prices have blown up in the last 3 years. everything is 100% more expensive measured in bitcoin than 3 years ago.
today bitcoin buys only 50% of the same house it bought 3 years ago.
everything became more expensive measured in bitcoin