New Economy
Saturday, 7/11, 04:37 AM
What Is Inflation, and How Is It Measured?
- Inflation is a broad, sustained rise in prices that quietly shrinks what your money can buy.
- It shapes wages, interest rates and central-bank decisions, and it is tracked through price indexes such as the Consumer Price Index.
- Here is what inflation is, how economists measure it, and why it matters so much.