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Inflation is a continuous rise in the overall price level. Inflation decreases the purchasing power of money.

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(video#1-https://www.youtube.com/watch?time_continue=2&v=AaR1mPrdbTc - this video is very informative)

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Introduction to inflation | Inflation - measuring the cost of living | Macroeconomics | Khan Academy

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There is an inflation formula that an annual percentage change in the Consumer Price Index (CPI).

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https://www.tutor2u.net/economics/reference/inflation-causes-of-inflation

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Inflation Rate = CPI for current year - CPI for previous year/ CPI for previous year multiplied by 100.

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http://www.tradingeconomics.com/canada/inflation-cpi

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here is an image showing the inflation rate from 1950-2012

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here is another picture showing the inflation rate in Canada from 2010-2016

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http://www.bankofcanada.ca/core-functions/monetary-policy/inflation/

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A decrease in the overall price level. Results in an increase of the purchasing power of money.

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(https://www.youtube.com/watch?v=frx320rm274- very well thought out, defines inflation and deflation differences)

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Inflation and Deflation Explained... In 2 Minutes or Less! In this video, Real Estate Entrepreneur J. Massey simply explains what inflation and deflation is and why it's important to know the difference! http://cashflowdiary.com/inflation-deflation Follow us on Twitter https://twitter.com/cashflowdiary Like us on Facebook https://www.facebook.com/CashflowDiary

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How do you know when the prices are good or bad?

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How do you know when the prices are good or bad?

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CPI also known ad Consumer Price Index which allows us to compare prices paid for goods and services

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(https://www.youtube.com/watch?v=TALwNlM6gFI- this video is very well organized, would recommend this video to those who do not understand CPI)

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What Is Consumer Price Index (CPI)? | Show Me | NBC News

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Every month the government issues its measure of consumer inflation (aka "Consumer Price Index" or simply CPI) and every month Americans scratch their heads in puzzlement. " Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC " Watch More Show Me: http://bit.ly/WhatisBitCoin For a better understanding of this important, but complicated, economic indicator, watch this animation, reported with CNBC's Allison Linn.

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Showing CPI rates from 2016 tp current year