This is your reminder to play the song that makes you feel fine and act accordingly. 😌Currently mine is Errtime because Latto & Cardi did what needed to be DONE.
Inflation is the rate at which the general level of prices for goods and services rises over time, which reduces the purchasing power of money.
In plain terms: when inflation is happening, each unit of currency (like a dollar, naira, or euro) buys fewer goods and services than it did before. A loaf of bread, a tank of fuel, or a haircut costs more than it used to.
Why It Happens
Economists usually point to a few main drivers:
• Demand-pull inflation: Too much money is chasing too few goods. Demand outstrips supply (for example, after a big economic boom or large government stimulus), so sellers raise prices.
• Cost-push inflation: The cost of producing goods rises (higher wages, energy prices, raw materials, or supply-chain disruptions), and businesses pass those costs on to customers.
• Built-in / expectations-driven inflation: Once people and businesses expect prices to keep rising, workers demand higher wages and companies raise prices in advance, creating a self-reinforcing loop (sometimes called a wage-price spiral).
• Monetary factors: When a central bank creates money faster than the economy’s ability to produce goods and services grows, the extra money tends to push prices up.
Since Paper is used for money and machine is used in printing it. Why don’t they print plenty of it so it will be surplus but they keep printing too much of paper?
Since Paper is used for money and machine is used in printing it. Why don’t they print plenty of it so it will be surplus but they keep printing too much of paper?