Inflation: What Is It And How Does It Happen?

What is inflation and how does it happen? You've probably felt the effects of inflation by now - at the gas pump, grocery store, or even at your local restaurants. Prices everywhere are increasing due to inflation, or the increase in the cost of living. Suddenly it is more expensive for us to do things we do on a normal basis. While it is frustrating and possibly even scary, knowing what it is and how it happens can help you get a better understanding.