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Inflation
Definition
Inflation is the loss of purchasing power of currency, expressed through a general and lasting increase in prices.
It must be distinguished from the increase in the cost of living. The loss of value of currency units is a phenomenon that affects the national economy, regardless of the different categories of agents. .
Most of the time, to evaluate the rate of inflation, we use the consumer price index. This measurement is not complete, the inflationary phenomenon covers a field wider than household consumption.
