Inflation rate
Inflation rate is very
important to all members of the society, the greater the current rate of
inflation, the faster the currency is devalued making goods expensive to
purchase. When the price of goods goes up, it impacts a negatively on social
business making the purchasing power low.
| The current of your MONEY!!!! |
For instance, now that the globe is
facing a great inflation recession, the prices of basic necessities rises, the
workers are demanding a rise of their wages in order to sustain their needs.
Therefore the term inflation rate
can be defined as data measurements of how fast the money supply is
growing. It is never stable and varies
depending on the economy. The United States of America, the world biggest
economy among other developed economies are suffering from a regression and
this means a lot to other countries.
It hard to believe how things are
getting worse on this economy and signs continue to strengthen the value of the
dollar demolishing and impoverishing among the middle classes and the lower
class in the society.
According to the Bureau of Labor
statistics the rate of inflation by 31st July 2011 was 3.6% and the
high oil prices is response. Follow me
in blog as we discuss more about INFLATION RATE.
No comments:
Post a Comment