Price inflation

Price inflation is a rise in the general level of prices of goods and services in an economy over period of time.Ecomists view price inflation as a result or necessary outcome of monetary inflation .

A consumer price index (CPI) is a measure estimating the average price of consumer goods and services purchased by households. The United States Consumer Price Index is a measure estimating the average price of consumer goods and services in the United States. The following chart shows that the average price of consumer goods and services in the United States has been rising significantly since the 1970s.