In this video we cover the topic of inflation. What it is, how it's measured and whether it is good or bad.

Inflation is considered to be an overall rise in the price levels as measured by a basket of goods. Economists generally agree that some modest level of inflation is consistent with rising living standards and economic growth and that levels over this (generally 2%) could be detrimental to the economy.

In our next video we'll cover what causes inflation.

Some other reading on this topic:

1) BLS FAQ on inflation.
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2) What is inflation?
[ Ссылка ]

#inflation #money #economics

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