XJO 0.36% 6,707.0 s&p/asx 200

what is inflation

  1. 659 Posts.
    all i understand is RBA has to raise interest rates to curb inflation.
    this makes things harder for struggling home owners to pay off their mortgages.
    our A$ goes higher, importers happy, exporters suffer.
    other countrys are lowering or keeping their interest rates on hold.
    our economy is generally in good shape
    can someone explain to me in layman's terms whats inflation?
    my apologies if I'm missing the obvious or if this has been asked before.
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