Inflation describes the rise in general price levels, or the loss in purchasing power of your money over time. Generally, a moderate, stable level of inflation is a sign of a healthy economy — it’s believed to encourage economic growth. Analysts typically look at the price of a "basket" of different goods and services the average consumer might purchase, for example, the Consumer Price Index.

Video and transcript available here: https://invested.mdm.ca/financial-literacy/-inflation

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