Feb.17 — Holger Schmieding, chief economist at Berenberg, and Marija Veitmane, multi-asset strategist at State Street Global Markets, discuss the outlook for the U.S. economy, inflation and financial markets. They speak 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.