Price inflation is the general increase in the prices of goods and services over time. When inflation rises, the purchasing power of money generally decreases, meaning the same amount of money buys fewer goods and services.
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B
3 days agoInflation of price is defined as an increase in the prices of commodities or services. The higher the rate of inflation, the lower the purchasing power of the same amount of money.
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S
3 days agoInflation in terms of price is the general increase in prices of commodities over a period of time. As such, as the rate of inflation increases, the buying power of money tends to fall.
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