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In economics, inflation is an increase in the average price of goods and services in terms of money,: 579 though it originally referred to the increase of the money supply (monetary inflation) that can cause such a universal shift. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises…
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price money rate prices monetary supply policy goods real value currency also central index services expectations increase demand unemployment level
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Inflation | is a | increase in the average price of goods and services in terms of money | 0.90 | text |
| Inflation | is a | inflation rate | 0.90 | text |
| Inflation | is a | measure of inflation for a subset of consumer prices that excludes food and energy prices | 0.90 | text |
| Inflation | is a | undue increase in the prices of real assets | 0.90 | text |
| Inflation | is a | rate of inflation that is anticipated for some time in the foreseeable future | 0.90 | text |
| Inflation | is a | motivation of governments to erode nominal debts by increasing inflation | 0.90 | text |
| during energy crises | instance of | changes in available supplies | 0.80 | text |
| David Hume | instance of | This relationship between the over-supply of banknotes and a resulting depreciation in their value was noted by earlier classical economists | 0.80 | text |
| David Ricardo | instance of | This relationship between the over-supply of banknotes and a resulting depreciation in their value was noted by earlier classical economists | 0.80 | text |
| who would go on to examine | instance of | This relationship between the over-supply of banknotes and a resulting depreciation in their value was noted by earlier classical economists | 0.80 | text |
| debate what effect a currency devaluation has on the price of goods.Related conceptsOther economic concepts related to inflation include | instance of | This relationship between the over-supply of banknotes and a resulting depreciation in their value was noted by earlier classical economists | 0.80 | text |
| debate what effect a currency devaluation has on the price of goods | instance of | This relationship between the over-supply of banknotes and a resulting depreciation in their value was noted by earlier classical economists | 0.80 | text |
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