6 Things you should know

About Inflation

The Six Things

1.The term “inflation” is from the Latin term inflare, meaning to “blow up or inflate,”

2.The movie Cleopatra cost $44 million to make in 1963. With inflation taken into account, the same movie would cost $300 million to make today.

3.The Zimbabwean dollar bank note holds the record for the greatest number of zeros because of inflation.

4.The high mortality rate during the Bubonic Plague in Europe increased the supply of available currency, which made super inflation until 1370

5.If inflation is controlled, it can be a positive force in the economy.

6.In 1974, President Ford declared inflation “public enemy number one” and urged the public to wear WIN pins, or “Whip Inflation Now” pins.