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What is the correlation between consumer spending, discounts, rising prices, and the economy

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Tundexi

Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.

What is an inflation?

An inflation means a persistent rise in general level of goods and service in a particular year.

  • Inflation affects consumer spending because the purchasing power of currency reduces
  • Inflation affects discount rates
  • Inflation results to rising price of goods and services
  • Inflation gives the overall economy a hard time

In conclusion, an Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.

Read more about Inflation

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