What are they
What causes inflation rates
When the demand for goods is greater than the supply the price of those goods will increase, and when there is a surplus of goods compared to demands the price will decrease.
How are inflation rates effecting us
Inflation rates will increase how much you spend. If you drive you will spend more on gas. If you eat you will spend more on food. Inflation rates effect every part of our lives that we need to spend money in.