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Inflation Based on the Consumer Price Index, inflation is the rise in prices due to fundamental changes in the economy caused by the fluctuations of the basic costs of goods and services. Rising prices affect every sector of the economy, causing a decline in purchasing power for everyone involved. Although inflation by most standards is considered bad, a little inflation is good to a certain extent, especially for capital investments such as homes, stocks and bonds, and other investment vehicles. With rising prices, businesses may invest more for growth and expansion and individuals may put a higher percentage of their incomes and/or savings into growth funds and other investments, which could very well help the economy. Inflation may not hurt when incomes rise as fast as prices but lower paid workers, retirees, people on fixed income, and many small businesses that don't have the capital to compete, have a more difficult time keeping up with the rise in prices. Inflated prices often cause a general down turn in the costs of living.
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