That is a very bold claim, but mathematically speaking that is the fact. The typical inflation rate for the United States along with most of the western world is 3%. In 2021, the inflation rate is now 7%. Inflation is the increased amount of money circulating in the economy compared to the previous year. If the inflation rate is 7%, that means that there is 7% more American currency floating around in the economy. In other terms, inflation could be described as the decrease o