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Inflation is the continuous rise in the general price level of goods and services in an economy over time. When inflation increases, the purchasing power of money falls, meaning the same amount of money buys fewer goods and services than before. 
Inflation usually increases because overall demand in the economy grows faster than the supply of goods and services, production costs rise, or the money supply expands. When people have more money and demand more products, producers raise prices. Likewise, if costs of raw materials or wages go up, businesses pass those costs to consumers as higher prices. 
In daily life, inflation shows up as higher prices for food, fuel, housing, and everyday items. This is measured using price indexes like the Consumer Price Index (CPI). 
What else can I help you with?
What is the conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
What is fuel inflation?
It is where the cost of fuel increases
If expected inflation increases interest rates are likely to increase?
Yes, inflation and increases in interest rates usually go hand-in-hand, though inflation is not the sole cause of an increase in interest rates
Inflation initiated by increases in wages or other resource prices is labeled?
cost push inflation
When inflation increases interest rates go .?
duck it
Providing automatic increases to compensate for inflation is known as?
inflation
What is the conclusion of inflation?
As prices rise, inflation also increases; supply increases and demands of people decrease because of high prices.
What is fuel inflation?
It is where the cost of fuel increases
If expected inflation increases interest rates are likely to increase?
Yes, inflation and increases in interest rates usually go hand-in-hand, though inflation is not the sole cause of an increase in interest rates
Inflation initiated by increases in wages or other resource prices is labeled?
cost push inflation
When inflation increases interest rates go .?
duck it
A dramatic rise in prices is called?
I believe that this is called high inflation or hyperinflation. Hope this helps.
What is the range of hyper inflation?
Hyperinflation is an extremely rapid or out of control inflation and there is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.
Is it correct to state that when inflation increases unemployment decreases?
Yes, they are negatively correlated.
Why do bond prices fall when inflation increases?
Bond prices fall when inflation increases because higher inflation erodes the purchasing power of the fixed interest payments that bonds provide. Investors demand higher yields on bonds to compensate for the loss in purchasing power, causing bond prices to decrease.
What happens to the future value of money when the inflation rate exceeds the interest rate?
it increases
Describe and give reasons for the relationship that exists between RGDP inflation and umeployment?
It is an inverse relationship. As inflation increases, unemployment decreases. This can be shown by the Phillips curve
