Aug.14 — Scott Minerd, Guggenheim Global chief investment officer, says “inflation is now back in the front of mind for most investors.” He speaks with Bloomberg’s Scarlet Fu on “Balance of Power.”
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.