ASX falls 2.3 per cent, local sharemarket caught in a global sell off | ABC News

ABC News (Australia) published this video item, entitled “ASX falls 2.3 per cent, local sharemarket caught in a global sell off | ABC News” – below is their description.

The local sharemarket has caught in a global sell off today as investors grapple with bad news. Elysse Morgan on that, and more on inflation and interest rates.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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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.

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