Inflation: What It Is and Why It Matters – Tiffany Lam-Balfour

If you’ve ever heard someone say something like, “I remember when a soda pop only cost me a nickel,” there’s one big reason: inflation. Because of inflation, the price of a bottle of Coca-Cola has increased twelvefold since it debuted in 1886. Understanding what inflation is and how it affects you can be useful when…

Tiffany Lam-Balfour writes for NerdWallet. Email: tlambalfour@nerdwallet.com.

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