Six things about inflation
what is inflation?
Is all inflation bad?
40-60 % which is way to high. But other countries like Italy have inflation rates around 0.09% which is way too low and their economy is unlikely to grow.
how does it impact you?
Everything inflates at different rates
what industries that are most affected
What are the three causes of inflation?
2) demand inflation -is when people get so rich that they actually outpace the economy.
3) the government printing money - as the government prints more money the value of each dollar goes down because there is more of the same thing (less demand)