Could you tell me what "inflation" is? Also, I want to know what deflation means as well.
Answer from a Native speaker
"Inflation" is the general increase in the prices of goods and services in an economy. For example, if the price of a burger was $10 last year, and $15 this year, it means that inflation has increased the price of the burger by 50%. Ex: Global inflation has sent the price of food skyrocketing. Ex: Economists are looking for ways to reduce the effects of inflation.
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