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What are the pros and cons of inflation for consumers?
Rounding it up
Inflation is the continual decrease in the value of a currency
Inflation is a net positive when it is moderate because it spurs wage growth and investment.
High inflation is unsustainable and causes investors to hold onto money as opposed to spending.
Low inflation, or worse, deflation, is disastrous for an economy because products are no longer profitable to produce.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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