inflation is the rate at which prices for goods and services rise.
Inflation is sometimes classified into three types:
demand-pull inflation, cost-push inflation, and built-in inflation.
The most commonly used inflation indexes are the Consumer Price Index and the Wholesale Price Index.
Inflation can be viewed positively or negatively depending on the individual viewpoint and rate of change.
Those with tangible assets, like property or stocked commodities, may like to see some inflation as that raises the value of their assets.