Commerce Career Club
June 20, 2025 at 07:43 AM
*Definition:*
*Inflation:* is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
*Deflation:* is the opposite, where the general price level decreases.
*Example:*
When the price of groceries, fuel, and rent increases significantly over a year, it indicates inflation. When those same prices decrease it is deflation.
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