What is Inflation and can it go back down? | Inflation Explained

Produced by Lucy Hatcher.

The basic definition for inflation is the increase in prices of the goods and services that households buy, and there are many reasons why prices may increase.

At the moment the sanctions on Russia have made oil harder to get and therefore petrol prices have rocketed.

The pandemic resulted in a shortage of workers due to a lack of immigrants causing wages to increase, as well as international shipping and supply shortages and due to the increase in online shopping.

But these are only some of the reasons for inflation.

It is now up to our government and banks to make some changes in order to remedy these situations and bring inflation back down.

Watch the full video now - explainer news for all.

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[nicholasgilbert]

The system is broken. In a world with billionaires can take out Loans in the BILLIONS to by shares, NO ONE NEEDS TO STRUGGLE. The system is BADLY broken.

[christophervalivaka]

the more money a country prints the less the money in circulation is worth now that's where I always thought inflation comes from

[dizzystj]

Just go watch what fiat money is with the reserve bank is.then you understand the whole story

[weimingw]

Trust me you all ought be thankful. In Malaysia the price goes up never come down. Stop whining, we even have lower gdp per capita than you all.

[potapotapotapotapotapota]

The system is broken. The only solution is to return to the Garden of Eden.