The Fiji times, 03 June 2017 – INFLATION is the rate of increase in the overall level of prices of goods and services in an economy over time. It is generally reported as a rate of increase of prices over a period, usually a year.
In normal economic circumstances, if the level of money supply grows faster than the real output, it can cause inflation, hence reducing purchasing power at a point in time.
However, inflation is not only influenced by monetary conditions because supply and demand conditions can also lead to price changes. Read more…
