Finance Library
EconomicsBeginner 3 min read
Inflation
Why prices go up over time and what it does to your savings.
What it is
Inflation is a general rise in prices across the economy. A loaf of bread that cost $2 ten years ago might cost $3 today. The same dollar buys less.
Why it matters
Cash sitting in a low-interest account quietly loses value every year. If inflation runs at 3% and your savings earn 0.5%, you're losing 2.5% of purchasing power annually.
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