What is inflation?

Last Friday, Nate was shopping groceries at a supermarket with his mother. His mother complained about the prices of food had risen significantly. “What? A dozen of egg was 25 dollars two weeks ago, and now it has risen to 30 dollars!” exclaimed his mother. “Mum, why does the price of groceries change so often?” Nate asked. “There are many factors which cause the …Read More