inflation

• inflation: a general increase of prices and fall in the purchasing power of money
• hyperinflation: when the prices of goods and services rise more than 50% per month
• deflation: when the prices fall and the value of money increases
• cost-push inflation: when prices rise (are pushed-up) because the cost of resources and labor increases
• demand-pull inflation: when prices are pulled up because demand for goods are greater than supply