Glossary
Inflation
Inflation is the rate of the general increase in prices over a certain period of time. Example: In 2005 the average inflation was 3.39 percent so you could expect the price an an item like a loaf for bread to increase by 3.39 percent during a year. So if the loaf of bread cost a dollar at the beginning of the year it would cost roughly $1.03 by the end of the year.