Inflation makes planning difficult and results become much less reliable. It is because inflation adds to uncertainty about forecasting the future.
Posts tagged as “low inflation”
Inflation matters because it affects not only individual people but also all businesses. If there is rapid inflation, it is causing fast growth in prices.
Inflation changes the value of money over time – it lowers it. One of the government’s economic objectives is to keep inflation low and stable.
All governments around the world have economic objectives for the nation’s economy to achieve by using specific economic policies.