▲ 9 r/economy
can someone explain inflation in simple terms?
I have a really simple question that I feel like I should already understand, but I honestly don’t get inflation at all.
I know people say it means prices go up, but I don’t really understand why they go up or what actually causes it. Is it just because governments print more money, or are there other reasons like companies raising prices, shortages, or wages changing too? Also, why does it seem like once prices go up, they almost never come back down?
I’d really appreciate a simple explanation like you’d give to someone with zero economics background.
u/Tariq_khalaf — 9 hours ago