What's your definition of inflation?

uptrendfinancialsignal · Jul 18, 2023

It occurs due to factors like demand exceeding supply, rising production costs, and built-in expectations. Moderate inflation can stimulate economic growth and allow for wage increases, but excessive inflation can erode purchasing power and destabilize the economy. Central banks and governments use monetary and fiscal policies to manage inflation. Maintaining price stability is crucial for a healthy economy. Share your experiences on the topic.

aovurevu · Jul 19, 2023

Inflation can be said to be rise in prices of goods and services over a long period of time and this causes the amount of goods and services you can buy with a single unit of currency decrease.inflation is mostly caused by a country's economy.

Heatman · Jul 19, 2023

Whenever there is a constant rise in the prices of products and services or anything that people make use of in the country without proper rise in their salary percentage is what inflation is all about.

Blessed19 · Jul 20, 2023

I have never read meaning like this to the word inflation as all I can say about inflation is the drop in the purchading power of the currency of a nation or in the market.

junrose123 · Jul 20, 2023

I think for me inflation is a sudden surged or increase in price of basic commodities which causes a big burden on low earning individuals because they are having a hard time in buying their basic needs.

capri · Jul 20, 2023

My country is currently going through a period of excessive inflation. The prices of commodities have gone very high. This situation is worsened by the inappropriate policies that have been recently adopted by monetary regulatory authorities such as the Central Bank and the Ministry for Finance.

Heatman · Jul 21, 2023

junrose123 said:
I think for me inflation is a sudden surged or increase in price of basic commodities which causes a big burden on low earning individuals because they are having a hard time in buying their basic needs.

Whenever the cost of products and services in the country is so high that an average income earner is going to find it very difficult to afford them is exactly when inflation is in Full Force.

Hate2Wait · Jul 23, 2023

When prices of most of the products that we use daily and in our regular life is at its peak then it's called inflation and even rise in prices of petrol makes this happen

riberet19 · Jul 23, 2023

Inflation is a monetary effect that occurs when the supply increases and the currency is devalued, causing prices to increase because the currency is losing value due to excess supply.

Authenticity101 · Jul 23, 2023

I know inflation to be a loss of value in money due to it being in large supply. This leads to the price of items being so high. It is what is being experienced in my country and many nations right now.

Heatman · Jul 23, 2023

Abigael said:
I know inflation to be a loss of value in money due to it being in large supply. This leads to the price of items being so high. It is what is being experienced in my country and many nations right now.

This is the reality of what is going on in my country today and I hope the government can be able to do something about it because everyone is suffering too much.

Bisolami · Jul 24, 2023

uptrendfinancialsignal said:
It occurs due to factors like demand exceeding supply, rising production costs, and built-in expectations. Moderate inflation can stimulate economic growth and allow for wage increases, but excessive inflation can erode purchasing power and destabilize the economy. Central banks and governments use monetary and fiscal policies to manage inflation. Maintaining price stability is crucial for a healthy economy. Share your experiences on the topic.

I think inflation is when the price of almost everything rises from a particular person to another price especially when the hike in the price is too much like the one my country is facing at the moment

What's your definition of inflation?

uptrendfinancialsignal

Well Known

aovurevu

Somewhat Known

Heatman

Team Lead

Blessed19

Notable

junrose123

Unfamiliar

capri

Somewhat Known

Heatman

Team Lead

Hate2Wait

Very Familiar

riberet19

Notable

Authenticity101

Somewhat Known

Heatman

Team Lead

Bisolami

Very Familiar

Connect With Us