Inflation

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Inflation is the amount by which prices increase over time.


Definitions

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Inflation. The amount by which prices increase over time.

According to Principles of Economics by Timothy Taylor (3rd edition),

Inflation. A general and ongoing rise in the level of prices in an economy.

According to Macroeconomics by Mankiw (7th edition),

Inflation. An increase in the overall level of prices. (Cf. deflation, disinflation.)

Related concepts

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