Now on days it feels like everyone talks about inflation but not everyone understand what it really is. So that’s why we are bringing forward this topic on this website to talk about it and to clear out the topic for these people who might struggle with understanding what inflation really is.
The best and easiest way to explain inflation is basically to say that it is a rate which the whole price of everything like services and goods increases in prices.
The result of the inflation is the buying power and value of money decreases over the years.