inflation

Also known as price rise, monetary erosion, purchase power loss, higher prices, economic inflation

thumb|upright=1.6|Global rates of inflation in October 2025 among International Monetary Fund members thumb|upright=1.6|UK and US monthly inflation rates from January 1989

AI overview

Inflation is the rate at which the general level of prices for goods and services rises over time, reducing the purchasing power of money. It matters because it affects how much your money can buy—when inflation is high, the same amount of money buys you less than it did before.

AI-generated from the Wikipedia summary — may contain errors.

Research

43,533 papers

Impact of Inflation on Real Resident Wages.Academic medicine : journal of the Association of American Medical Colleges · 2023Morrissey PJ, Dworkin MS, Quinn MSDOI: 10.1097/ACM.0000000000005353
Hyperinflation-Introduction.Journal of pharmacy practice · 2018Saltiel MDOI: 10.1177/0897190018776391
Facing inflation: lab heads tighten supplies budgets.Nature · 2023Woolston CDOI: 10.1038/d41586-023-00088-z
Keeping revenues ahead of inflation.The Canadian veterinary journal = La revue veterinaire canadienne · 2024Osborne D
Projected prescription drug expenditures in 2024: Looking ahead to the inflation reduction era.American journal of health-system pharmacy : AJHP : official journal of the American Society of Health-System Pharmacists · 2024Hernandez IDOI: 10.1093/ajhp/zxae104
T cell economics: precursor cells predict inflation.Nature immunology · 2020Huggins MA, Hamilton SEDOI: 10.1038/s41590-020-00819-8
Adjusting for Inflation and Currency Changes Within Health Economic Studies.Value in health : the journal of the International Society for Pharmacoeconomics and Outcomes Research · 2019Turner HC, Lauer JA, Tran BX et al.DOI: 10.1016/j.jval.2019.03.021
The Inflation Reduction Act Is a Foot in the Door for Containing Health Care Costs.JAMA health forum · 2022Levitt LDOI: 10.1001/jamahealthforum.2022.3575

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Wikidata facts

Image: CPI GDP M2 and Velocity.png

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Stack Exchange tag: politics.stackexchange.com/tags/inflation
Commons category: Inflation

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~67 min read

Article

41 sections

Contents

Terminology
Classical economics
Related concepts
History
Overview
Ancient Europe
Ancient China
Medieval Egypt
Medieval age and "price revolution" in Western Europe
After 1700
Measures
Issues in measuring
Official vs. true vs. perceived inflation
Inflation expectations
Causes
Historical approaches
Before 1936
Keynes and the early Keynesians
Monetarism
Rational expectations theory
New Keynesians
View post-2000 to present
2021–2023 inflation surge
Heterodox views
Government debt
Effects of inflation
General effect
Negative
Positive
Cost-of-living allowance
Control of inflation
Historical approaches to inflation control
Fixed exchange rates
Gold standard
Demurrage currency
Wage and price controls
Inflation targeting
See also
References
Further reading
External links

thumb|upright=1.6|Global rates of inflation in October 2025 among International Monetary Fund members thumb|upright=1.6|UK and US monthly inflation rates from January 1989

In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index.