What does inflation mean and what happens when it rises?

What does inflation mean and what happens when it rises?

Inflation affects everyone, so here’s what it all means (Picture: Getty)
We’ve all been hearing a lot about inflation, lately.
Former UK Prime Minister Margaret Thatcher described it as ‘the unseen robber of those who have saved’, while former US President Ronald Reagan said it was ‘as deadly as a hitman’.
Unfortunately, finances are currently at stake due to rising inflation and the cost of…

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