Inflation is the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money. It is one of the most important indicators for economies as it shows the decrease in the purchasing power of a nation’s currency. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
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Jenna Lofton, MBA is a stock trading and investment expert with over a decade of experience in the financial industry. She began her career as a financial advisor on Wall Street and now helps everyday investors make smarter financial decisions through StockHitter.com.
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