Definition of 'Inflation' The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum. Example, why something that cost a dollar in 1980 costs $2.37 in 2005-www.investinganswers.comwww.investopedia.com
Bank of Japan to mull 2% inflation target as ABE turns up heat- Bank of Japan is considering adopting a 2% inflation target and ease the monetary policy.
LA Times- $1-million man march
Baseball players salary face hyperinlfation as their salaries soar to outraegeous numbers, outpacing the normal inflation rate.
USA Today- Inflation measure could help 'fiscal cliff'
Budget talks between the White House and Congress are involving changing the way inflation is calculated to slow the costs of entitlement programs like Social Security. Over many years, the government could save billions of dollars by reducing the amount of money paid to the recipients by using the new proposed chained consumer price index formula.