Category Archives: Plain English Blog

Inflation Basics: What, Why, Where, How, Etc.

APM Inflation Basics

Inflation is the increase in the general price of goods and services. As it rises, every dollar in your wallet/purse/man bag/imagination buys you less. For example, if the annual rate of inflation is 2%, then in a year’s time a $1 widget will cost $1.02, on average. Australia’s inflation is measured by the quarterly Consumer…