Inflation reduces the purchasing power of money. It can lead to higher prices for goods and services. Savings may lose value over time. Wages may need to increase to keep up with rising costs. It can cause uncertainty and reduce investment.
Inflation reduces the purchasing power of money. It can lead to higher prices for goods and services. Savings may lose value over time. Wages may need to increase to keep up with rising costs. It can cause uncertainty and reduce investment.