Why Is Inflation Important?

By Staff WriterLast Updated Mar 25, 2020 10:50:57 PM ET
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According to the International Monetary Fund, inflation is an important economic statistic because it affects the value of money and indicates the overall stability of a country's economy. Inflation is a gradual continuous increase in the price of goods and services. A stable yearly inflation amount is typically between two and four percent, reports Economics Help.

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