5 Ways to Protect Your Money from Inflation
1) Introduction
Definition of inflation
Inflation is an increase in the general price level of goods and services in an economy over a period. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power of money – a loss of real value in the medium of exchange and unit of account within an economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.
