What causes inflation and why can it damage the economy?

[ll]

Price gouging doesn’t help either, or size inflation. We’re paying more for less food, less gas, less square footage for apts/house. It’s too much!

[JESUS.saves.Repent.]

Prices have been rising for decades. Can we please have this fixed so we can live normally again?

[kevinu.k.]

No mention of price gouging? Plenty of that going on right now.

[jeromefitzroy]

If you want to see what deflation does to an economy, ask Japan.

[JonathanSmith-kzjo]

Global supply shocks do not cause inflation; it only diverts the bulk of people’s expenditure toward certain sectors at the expense of others, which leaves one’s cost of living completely unchanged. Inflation is caused only by sharp increases in the money supply, you can check any graph showing m2 money and inflation; they move 1 to 1 with each other.

[noahferry]

why can't we just blocked prices for the goods

[alfredlear]

Increasing the currency supply in circulation is inflation.
You're talking about inflation of the consumer price index, supply and production issues are also at play there.

[roymakkaypl]

Yeah but you need to somehow go from poor country (Poland) to Rich country (Germany) And only way to do it is to print And print, And sometimes you can print without consequenses of inflation

[jason]

What causes inflation, hmmm, the government????

[No.]

Incorrect
Inflation is an increase in supply of money NOT an increase in prices
That's a symptom

[justinbeaver]

It's Funny, you didn't mention corporate greed.

[lolotroll]

Ugh more 'inflation is money printing' propaganda. Money printing can remain relatively static year over year and inflation does not. The other variables (profit motive of producers, disposable income availability of consumers) are far more important. Economist, please have actual economists check your work!