Inflation has been poking its way into our lives lately - on the political scene and as we swipe our credit cards in the check-out line. We’re breaking down the basics you need to know about inflation and how it works.

1. Inflation is about a loss of money's purchasing power.
2. Inflation is hard to measure.
3. Our cost of living is rising; experts disagree about whether this is a long-term inflation problem.
4. Central banks are entering the chat; we will probably see higher interest rates.
5. Monetary policy is not science or magic.

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