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Congressional Digest February 2023 No. 2 Vol. 101
What Is Inflation?

Inflation

Pros and Cons of Inflation Policy

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What Is Inflation?

How worldwide economic conditions can change prices at home

Have you ever been shopping and noticed that the prices of things you typically buy have gone up? If the items in your shopping basket cost $100 last year and now they cost $105, at a very basic level, that’s inflation. Prices are changing all the time, but we don’t say there is inflation every time we see a price increase. …

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