Glossary / General

inflation

16 Episode Mentions
Too Afraid to Ask

Inflation means that over time, money loses its value, so things cost more. For example, if a car cost $20,000 years ago, it might cost $50,000 today due to inflation.

Technical Definition

Inflation refers to the general increase in prices and the fall in the purchasing value of money. It affects how much consumers can buy with their income over time, impacting car prices and affordability.

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