Inflation is a term used to describe a sustained increase in the general price level of goods and services in an economy over time. It is often measured by the Consumer Price Index (CPI), which tracks the prices of a basket of goods and services typically purchased by consumers. There are several causes of inflation, including an increase in demand for goods and services, a decrease in supply, an increase in the cost of production, or an increase in the money supply. When the money supply inc...