The definition of inflation is a rise in the cost of goods and services. However the obvious corollary is that the value of the inflated currency drops as compared to other currencies. Think of them as being something you buy, for which you must pay a bit more.
The definition of inflation is a rise in the cost of goods and services. However the obvious corollary is that the value of the inflated currency drops as compared to other currencies. Think of them as being something you buy, for which you must pay a bit more.