What is inflation? In an economy, inflation is an increase in the general price level of PAS (Products And Services). causing a reduction in the value of money.
The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index.
■ REFERENCES: ▪︎ inflation: https://dictionary.cambridge.org/dictionary/english/inflation | ▪︎ inflation https://en.m.wikipedia.org/wiki/Inflation