Inflation is when the buying power of a dollar diminishes, and prices rise all over — two sides of the same coin
Illustrations: Dov Ber Cohen and Yosef Haim Lev
With reporting from Refoel Pride
Inflation is when the buying power of a dollar diminishes, and prices rise all over — two sides of the same coin.
Economists measure the rise in prices using the Consumer Price Index, which rose 8.6% in one year — the most in 40 years. Fuel oil was up 106.7%.
Regular people measure inflation by their bank accounts. When it takes a lot more money to buy the things you usually purchase, you can blame inflation.
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