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Well hello fellow readers, I'm back with an inflation article to share with you folks. You may have heard about it, every year a country's inflation might getting low or high in the news which actually means "the money you have will be having the same face value, but couldn't buy what you can compared to older times" if the inflation goes high.
For example, if you have a $10 with you and you can buy 10 number of chocolates with it at the starting of the year which put the price of each chocolate at $1. By the end of the year if the inflation rate of your country goes high then for the same product the value will increase and for the same $10 money you couldn't get the same 10 number of chocolates you used to be in the beginning of the year. That's called inflation.