Inflation explained: What is it, what causes it and how do we deal with it now?

what-is-inflation-economics-explained-video

The Phillips Curve and Inflation - End of Chapter ProblemYou've been invited to help a foreign affiliate of your company set next year's prices. Inflation last year was 5%, the unemployment rate dropped to record lows, and GDP sky-rocketed. In addition, geopolitical tensions led the price of crude oil to rise by 50%.Given these circumstances, what do you think annual inflation will be next year?

Platinum Prices - Interactive Historical Chart

Crude Oil vs Natural Gas - 10 Year Daily Chart

What you need to know about the economy and inflation