Why 2023 is Making You Poorer w/ Unlearning Economics [Audio Exclusive]

Understanding Inflation: Causes and Impact

In this podcast episode, the speaker explores the concept of inflation and its significance. Inflation is the decrease in the value of currency over time, resulting in a decrease in purchasing power. It is determined by the general increase in prices of goods and services. The speaker highlights that inflation can be measured in various ways, such as tracking the average prices of commonly purchased goods and services. However, it is important to note the limitations of these measurements, as they might not accurately reflect individual experiences. The episode discusses the impact of inflation on different sectors, such as housing costs and wages. It also delves into the relationship between inflation and interest rates, as well as the role of supply and demand in shaping inflation. The podcast concludes by discussing the potential future trajectory of inflation and the need for proactive measures to address its effects.