What Is Inflation?

Economic inflation refers to an increase in prices of goods and services. When the general price of things "inflates," each dollar buys fewer goods and services. Thus, inflation means a reduction in the purchasing power of money.

No matter where you are in your money journey, knowing a thing or two about inflation is a must. Otherwise, you risk not knowing why your dollar is worth less (or more) and not knowing what to do about it. Marli dives into the world of inflation and gives a few examples so that you have the knowledge moving into your financial future. Check it out!