Inflation Explained: Understand What it is and What causes Inflation!

Inflation is a term we constantly here in the news, but what exactly is inflation? Let's go over what exactly inflation is and what causes inflation in an economy. WATCH THIS NEXT➡️ https://youtu.be/Hk1PYXo4ZlE

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Supporting information:

✅ Inflation: the rise in the cost of the living over a period of time

✅ Cost of Living: the amount of money needed to achieve a certain standard of living

✅ Consumer Price Index (CPI): basket of goods and services tracked to measure inflation

✅ Federal Reserve: the government body that controls monetary policy in the United States

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👉Recommended reading:
The Wealth of Nations ➡️ https://amzn.to/405jCYV
The Great Courses: Economics, 3rd Edition ➡️ https://amzn.to/3XKEdjP

#economics #inflation #costofliving #cpi #consumerpriceindex #macroeconomics #microeconomics #economy #economics101

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Chapters
0:00 Intro
0:20 What is Inflation?
5:50 What causes inflation?

Тэги:

#CPI #calculating_inflation_rate #consumer_price_index #consumer_price_index_explained #cost_of_living #cost_push_inflation #cpi #cpi_inflation #cpi_inflation_report #federal_reserve #federal_resreve #inflation #inflation_and_deflation #inflation_economics #inflation_rate #price_rises #rate_of_inflation #the_federal_reserve #us_economy #us_inflation #what_are_the_causes_of_inflation #what_is_cpi_in_economics #what_is_inflation #what_is_the_cpi? #what_is_the_rate_of_inflation

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