Inflation is the increase in the price of goods and services over time. Inflation is not measured on the price of a single good, but on the overall price level of goods and services in the economy.

Related Terms

  • Unemployment Rate

  • Supply & Demand

  • Stagflation

  • Recession

  • Money Supply

  • Monetary Policy

  • Interest Rates

  • Gross Domestic Product (GDP)

  • Fiscal Policy

  • Federal Reserve

  • Federal Funds Rate

  • Consumer Price Index (CPI)

  • Business Cycle