Inflation Rate
Inflation Rate refers to the percentage increase in prices for goods and services over a period of time, typically measured on a monthly or annual basis. It is a key economic indicator that reflects the overall level of price increases within an economy, impacting consumer purchasing power and the cost of living. High inflation rates can erode the value of currency and savings, while low or negative inflation rates may indicate economic stagnation or deflationary pressures. Central banks and policymakers closely monitor inflation rates to make decisions on monetary policy and to ensure price stability within an economy.