The U.S. is experiencing its highest levels of inflation in the last 30 years. Inflation can be quite complicated, so we’re taking you through what it means, and if it affects Australia. Firstly, what is economic inflation? It’s the rise in prices over time, or a decrease in the purchasing power of the consumer (you and me) over time. The prices of items are going up, and the purchasing power of money in the hands of the consumer is not. Inflation can occur for multiple reasons including (but not limited to) the printing of more money, the general price increase of goods and services and an increase in demand for goods. This is, however, quite a simple explanation of inflation and if you want to learn more, click
How does inflation in the U.S. affect Australia?
How does inflation in the U.S. affect…
How does inflation in the U.S. affect Australia?
The U.S. is experiencing its highest levels of inflation in the last 30 years. Inflation can be quite complicated, so we’re taking you through what it means, and if it affects Australia. Firstly, what is economic inflation? It’s the rise in prices over time, or a decrease in the purchasing power of the consumer (you and me) over time. The prices of items are going up, and the purchasing power of money in the hands of the consumer is not. Inflation can occur for multiple reasons including (but not limited to) the printing of more money, the general price increase of goods and services and an increase in demand for goods. This is, however, quite a simple explanation of inflation and if you want to learn more, click