SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/teen-inflation-meaning

What is inflation?

Inflation is prices rising over time.

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  1. Prices of goods and services rising over time ✔
  2. The interest a bank charges on loans
  3. A tax on paychecks

Why: When prices go up over time, the same dollar buys less than before. That is one reason money in a drawer slowly loses buying power.

Huh, didn't know that: The Consumer Price Index (CPI) measures the average change over time in prices paid by city consumers.

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Living on earth may be expensive, but it includes an annual free trip around the sun.
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References

Answer: Prices of goods and services rising over time. When prices go up over time, the same dollar buys less than before. That is one reason money in a drawer slowly loses buying power.

  1. CFPB Youth Financial Education Glossary www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/glossary
    Inflation occurs when the prices of goods and services increase over time.
    Checked 2026-10-10.
  2. CFPB youth financial education glossary www.consumerfinance.gov/consumer-tools/educator-tools/youth-financial-education/glossary
    A measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
    Checked 2026-10-10.

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