What is the definition of inflation? What causes it? What to know
Hyperinflation can be caused by a triggering event, such as war, civil unrest, or natural disasters. Government deficits and the over-printing of money are some of the most common situations that lead to hyperinflation. As folks recognize the possible threat of future inflation, they spend more in fear that their money will soon be worth less. Overall prices increased 3.4% from a year earlier, down from 3.5% in March, according to the Bureau of Labor Statistic's consumer price index, a gauge of goods and services costs throughout the economy. Meanwhile, on a monthly basis, costs rose 0.3%, below the 0.4% rise the previous month but above the 0.1% to 0.2% readings that prevailed last fall. Costs of inflation CPI is calculated by taking price changes for each item in the predetermined basket...
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