Answer:
True
Step-by-step explanation:
Inflation is economic term defines as rise in price level and consequent decrease in purchasing power of currency. By purchasing power it means the amount of goods which can be bought with the given amount of money. Hence after inflation amount of goods which can be bought is lesser than which one can but before inflation. To quantify Inflation or measure inflation, Inflation rate is used. Inflation rate is defined as percentage change in price index over a specific period of time.