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by Perryman on October 9th, 2009
Simply put inflation is "an increase in the price you pay for goods."
In other words, a decline in the purchasing power of your money".
Here is a calculator:
http://www.westegg.com/inflation/
by JanZizka on October 9th, 2009
It can be caused by an increase in demand over supply, for extreme examples take a look at Tickle Me Elmo in the '90s, or generators, food, and such supplies after Hurricane Katrina in the affected areas.
However, long term it comes about through increasing the money supply. Hate to toot my own horn, but I went into it in detail here: http://www.answerbag.com/a_view/7936636
What is the leading sugar cane growing country?
by Answerbag Staff on April 27th, 2010
| 1 person likes this
What's Alan Greenspan doing these days?
by 'Chengdu on December 23rd, 2011
| 1 person likes this
Are U.S salaries too high only as much as U.S CEOs and top execs are in comparison to the rest of the world?
by -O-uknow on November 19th, 2011
| 2 people like this
Do leaders push religion and the 'wanting money equals evil' link so they can take it from the gullible more easily?
by Ombliss22 on November 22nd, 2011
| 1 person likes this
Don't a majority of American workers work jobs that are unskilled overall and did not require a specific degree to obtain?
by helme on December 16th, 2011
| 1 person likes this
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