인플레이션이란 (영문)

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인플레이션에 대해 영문으로 원인과 결과에 대해 써보았습니다.

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What is the inflation?

In Korea, price of an ice cream was one hundred Won, which a monetary unit of Korea, when I was ten. But, recently price of an ice cream is about ten hundreds won. It has increased 10-fold while thirteen years. Such as this a rise in the prices of a specific set of goods or services, we called `Inflation`. It may also refer to a rise in the general level of prices over time. Prices of all things which we can buy like gasoline, water, clothes, foods and so forth have jumped more than 10-fold while last 20 years. And inflation is measured by calculating the percentage rate of change of a price index, which is called the inflation rate. This rate can be calculated for many different price indices, including. Such as, consumer price indices (CPIs), cost-of-living indices (COLI), producer price indices (PPIs), commodity price indices, the GDP deflator and capital goods price index.

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