Definition:
The rise in prices over time. For children, the easiest example of inflation is evaluating the cost of bread now with the cost of bread 10 years ago.
The government typically monitors inflation using the Consumer Price Index.
Inflation Definition
By Madison DuPaix, About.com Guide
See More About:
More About Kids and Money
Explore Kids & Money
- About.com
- Business & Finance
- Kids & Money
- Saving Money
- Glossary
- Inflation - Definition of Inflation
©2012 About.com. All rights reserved.
A part of The New York Times Company.