Inflation

In short

The general rise of prices — the silent tax on cash and fixed coupons, the reason "real" (inflation-adjusted) returns are the only returns that matter over decades. See inflation-linked bonds.

Where Inflation is explained in depth

The definition above is the short version. These pages put it to work, in the order they use it most:

Calculators that compute it

Terms this definition uses

The whole glossary

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