Why inflation is rising, and how it will affect consumers
Recovering economic activity and supply disruptions have raised global market prices
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Inflation refers to a general rise in prices of goods and services without an improvement in their quality.
But it is important to understand the concept of inflation because prices rise and fall depending on demand and supply through the course of a year. In fact, if the economy is growing, the sum of these rises and falls in prices should result in moderate inflation.