USA TODAY on Nostr: Inflation defined: What is it, what causes it, and what is hyperinflation? ========== ...
Inflation defined: What is it, what causes it, and what is hyperinflation?
==========
The U.S. Bureau of Labor Statistics reported that the price of goods and services rose 3.1% year over year in January, lower than December's 3.4% but higher than the Federal Reserve's target rate of 2%. Inflation is the decline of purchasing power in an economy caused by rising prices. It is measured in the United States by the Consumer Price Index (CPI). Causes of inflation include demand outpacing production capabilities, production costs being pushed into the final cost, and people bargaining to maintain their purchasing power. Corporate greed has also been identified as a cause of inflation. Hyperinflation is the rapid and uncontrolled increase of inflation in an economy. Examples of hyperinflation include Yugoslavia, where people resorted to bartering, and Hungary, which experienced a daily inflation rate of 207% between 1945 and 1946.
https://www.usatoday.com/story/money/2024/03/04/inflation-definition-causes-hyperinflation/72845826007/
==========
The U.S. Bureau of Labor Statistics reported that the price of goods and services rose 3.1% year over year in January, lower than December's 3.4% but higher than the Federal Reserve's target rate of 2%. Inflation is the decline of purchasing power in an economy caused by rising prices. It is measured in the United States by the Consumer Price Index (CPI). Causes of inflation include demand outpacing production capabilities, production costs being pushed into the final cost, and people bargaining to maintain their purchasing power. Corporate greed has also been identified as a cause of inflation. Hyperinflation is the rapid and uncontrolled increase of inflation in an economy. Examples of hyperinflation include Yugoslavia, where people resorted to bartering, and Hungary, which experienced a daily inflation rate of 207% between 1945 and 1946.
https://www.usatoday.com/story/money/2024/03/04/inflation-definition-causes-hyperinflation/72845826007/