Whether you’re scrolling through social media, attending political rallies or shopping at your local grocery store, you’re bound to hear the term “inflation” thrown around. Inflation measures the increase in prices of products and services over a period of time. When a country’s money supply expands too much in relation to its economy, the power of the currency weakens, resulting in higher prices. Currently, inflation has risen 2.9% over the past year, with many frustrated with their rising monthly costs.
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