How Inflation Is Impacting Us | https://www.themorganreport.com
Inflation is a measure of how much the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
When inflation is high, it can have a number of impacts on the economy and individuals.
For example, rising prices for goods and services can put pressure on household budgets and make it harder for people to afford necessities.
Inflation can also affect businesses, as they may struggle to pass on higher costs to consumers in competitive markets. Inflation can also have an impact on financial markets, as it can lead to changes in borrowing and investment decisions and can cause uncertainty and volatility in stocks and other assets.
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