60.4k views
2 votes
What is inflation???

User Itzy
by
5.2k points

1 Answer

1 vote

Answer:

Inflation is the increase in cost of goods and services and a decreasi in currency value.

Step-by-step explanation:

Inflation occurs when the cost of goods increases steadily. There comes a point when the increase in cost makes the currency worth less, because one unit of currency can buy less.

User Nick Shmick
by
5.5k points