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Definition: Inflation

Inflation is defined as the rate at which the prices of goods and commodities rise in an economy.

Inflation needs to be controlled or regulated by the central bank and the government of the nation to ensure that the prices do not soar to a very high value, as increasing prices decrease the purchasing power of the people in the nation.

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Browse definitions and meaning of more concepts and terms similar to Inflation. The Management Dictionary covers definitions and overview of over 7000 business concepts from 6 categories.

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