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Month: July 2022

What is Inflation?

An overall price increase In a market economy, the prices of goods and services vary. Some increase, others decrease. We speak of inflation when prices increase overall, and not just the prices of a few goods and services. When this is the case, over time, each euro or US dollar or any currency backed by… Continue reading What is Inflation?

Published July 8, 2022
Categorized as Economics Tagged Basket, Goods, Inflation, Prices, Services

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