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Economy

Inflation: why prices rise and what to do about it

Inflation is when the same money buys less tomorrow than it does today. There are usually two causes: more money in the economy than goods, or costs themselves rising. It is unfair by nature: property rises along with prices while wages and savings lose value. What actually helps, and what only sounds like it does.

Economy

Inflation Hits Those Who Have Less

Inflation is discussed in percentages as though it were the weather, but behind the average figure hides a very unequal distribution of pain. For a comfortable household it is holidays and gadgets that get dearer; for a poor one it is bread, medicine, transport and rent — the things that cannot be given up.