Inflation is the gradual loss of purchasing power of a given currency. A quantitative estimate of the rate at which purchasing power declines can be reflected in the increase in an economy’s average price level of a basket of selected goods and services over time. When a currency loses value, prices rise and fewer goods and services are purchased. This loss of purchasing power affects the general cost of living for the general public, resulting in a slowing of economic growth.
We are always looking for innovative thinkers to help us develop new data sources, data analytics, data products, and NFTs. We have in-house and partner software developers who can assist you in bringing your ideas to life. Sign up as a W3Data Creator.
Subscribe to W3Data YouTube channel to learn how to use our Data Signals & our Data and NFT platform.
Disclaimer: Megapro provides data solely for educational or informational purposes. All investment strategies and investments involve the risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. Any decisions or actions based on the information presented here are done at your own risk and discretion.