Jul.17 — Michael Darda, chief economist and macro strategist at MKM Partners, talks about monetary policy, inflation and the impact of stimulus measures on the economy. He speaks on “Bloomberg Surveillance.”
In This Story: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.