Inflation is best described as

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Inflation is a sustained increase in the general level of prices in an economy, as measured by a price index such as the Consumer Price Index (CPI) or Producer Price Index (PPI). It means that the purchasing power of money decreases, and it takes more money to buy the same goods and services over time. High prices and price increases for specific goods or services are often symptoms or effects of inflation. An increase in the purchasing power of money would be deflation, the opposite of inflation.

Inflation Is Best Described as