Inflation refers to the rate at which the general level of prices for goods and services in an economy rises over a period of time. It is typically measured as an annual percentage increase in the consumer price index (CPI) or another inflation index. Inflation erodes the purchasing power of money, leading to a decrease in the value of currency over time.

The silent thief of purchasing power 💰📈 Inflation erodes the value of money over time.

For more mental models, please visit www.mentalmodelsdaily.com

Get the full list at https://tinyurl.com/mentalmodelsdaily

Follow us:

X: @mindmodelsdaily https://x.com/mindmodelsdaily

Instagram: @mentalmodelsdaily https://www.instagram.com/mentalmodelsdaily/

Youtube: https://www.youtube.com/@MentalModelsDaily/podcasts

Spotify: https://open.spotify.com/show/1f0qi12saeBEJmtnjOSszg

Amazon Music: https://music.amazon.co.uk/podcasts/6da552cf-1714-45ce-b302-7c6c69386fc3/mental-models-daily

Apple Podcasts: https://podcasts.apple.com/gb/podcast/mental-models-daily/id1754257683

Castbox: https://castbox.fm/channel/Mental-Models-Daily-id6203840?country=us

iHeartRadio: https://www.iheart.com/podcast/269-mental-models-daily-189536773/

Our Podcast music was provided by The Podcast Host and Alitu: The Podcast Maker app.