Inflation Explained In A Simple Video

1. Inflation is when the prices of things you buy go up over time, meaning your money buys less than it used to.

2. Cause: One main cause of inflation is when there's too much money in the economy, so people are willing to pay more for goods and services.

3. Impact: Inflation decreases the value of your money. For example, if you had $100 last year, it might buy less today because prices have gone up.

4. Control: Governments and central banks try to control inflation by adjusting interest rates and other financial tools to keep the economy stable.