If high inflation hurts just about everyone, why can’t we have no inflation? Over the past few years, most of the world has experienced some pretty intense inflation, with prices rising as much as 10 percent in a single year. In 2024, even though inflation rates have fallen to more manageable levels, prices are still way up and are very unlikely to come down. Which, understandably, continues to be a source of major stress for people all over the world. So why can’t prices just stay the same?
In this video, we take a look at the reasons why.
I've only just stumbled on this; it's a good little primer on why a little bit of inflation is a good thing. There's some straightforward explanations here - looking at the importance of real wages keeping pace with inflation - and the benefits of low, stable inflation.
The only downside? The DCU adverts