Inflation, the persistent rise in prices over time, is a fundamental economic concept that affects individuals, businesses, and economies at large. While moderate inflation is considered a sign of a healthy economy, it is important to understand its potential to harm people's wealth. In this video, we will explore the impact of inflation on personal finances and discuss strategies to mitigate its effects.

First of all, what exactly is inflation and how is it calculated? Inflation refers to the general increase in prices of goods and services over time. When inflation occurs, the purchasing power of a unit of currency decreases, meaning that you can buy less with the same amount of money.

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