Translation: Inflation = inflation (general rise in prices)
Simple definition: Inflation means that the prices of goods and services rise over time, and therefore the same amount of money buys less.
What does it mean for you?

  • Household budget struggles: your monthly purchases increase.
  • If your salary is fixed, the real value of your salary decreases.
    Frequently asked question: Does inflation mean that all prices rise?
    Answer: No. It is an "average," some goods rise more, some less, and some may decline.