Inflation happens when the prices of goods and services increase and purchasing power decreases — in other words, you are able to buy fewer goods and services for the money you spend. Inflation also occurs as a natural part of the business cycle and accompanies economic growth. It also has the effect of deteriorating the value of an asset or income stream.
Click the image here to view the slides from a recent presentation given by STARS partner Sage View (file is a 600KB pdf).
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