Inflation in general can be interpreted as the price of goods increased compared to the previous price point (escalating price). Need to understand the rise in prices here is the general rise of most goods and services, rather than raise prices a particular commodity. When the value of goods and services increased, which means the purchasing power of money decreases. Meanwhile, with the same amount of money but the consumer buys fewer goods than before do.Trong an economy, inflation is the loss of market value or purchasing power of money fell. When compared with other economies, the inflation is the devaluation of the local currency compared to other currencies.
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