Inflation

What is the definition of inflation, what are the causes? Wikipedia states the definition as;

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation is also a decline in the real value of money—a loss of purchasing power in the internal medium of exchange and unit of account in the economy.[2] A chief measure of general price-level inflation is the general inflation rate, which is the percentage change in a general price index (normally the Consumer Price Index) over time.[3]"

See also

• Inflation
• Abelard.org's gripe with wikipedias article
  • Albelard.org's Inflation article -there are flaws in this viewpoint too