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What Really Is Inflation?

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First published at 20:51 UTC on July 23rd, 2020.

Exciting World Cryptos

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What Really Is Inflation?

This is going to be my introduction video about the economic related videos. I will be presenting to you soon. Inflation is mainly when your goods and services rise in prices. Usually for more of the important things you use such as food, housing, clothing and many other consumer services.
Inflation is the indicated of averages of prices for commodities and services over a period of time. The opposite of this is deflation, which I will talk more about in another video.

Inflation on a national level does decrease the spending power using the unit of currency a country may use. We usually look at this in terms of percentage.

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