Inflation has probably been the single biggest factor roiling the financial markets over the past two years. But what is inflation, what causes it, and why does it matter?
Let's start with the basics. Inflation is an increase in the general price level of goods and services. In other words, inflation means rising prices. If you paid $4 for a cheeseburger last year, and you're paying $4.50 today, you have experienced inflation.
