What is inflation?

Inflation is a rise in prices over a given period of time. As the general price level rises, the purchasing power of each unit of currency buys fewer goods and services over time. The common measure of inflation is the inflation rate. Certain assets are more or less affected by inflation, such as gold. Cryptocurrencies and digital assets like Bitcoin are touted as hedges against inflation too. In this article, we’ll delve into all of this and more.