Everything you wanted to know about inflation, but where afraid to ask…

Call it taxation without legislation, or “as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” (Thank you, Ronald Reagan!). Inflation reflects an erosion in the purchasing power of money. It’s an integral part of the ebb and flow of the economy, and it is here to stay. To understand the rhyme and reason behind it, check out this amazing infographic (courtesy of http://awesomeinfographics.com):

Inflation

 

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