Governments Don’t Want to Fight Inflation Because It Helps Them

Inflation is the most expensive tax we pay

Featured image: Shutterstock

Inflation is much more than just the price of goods going up all the time.

Fuel and diesel are getting more expensive, as are food and energy costs. Attempts are being made to offset the increase in prices of goods with an increase in wages, but these usually take time to increase wages.

The result of this is that people’s purchasing power decreases too quickly. But what does it mean for people and the economy when everything becomes enormously more expensive and purchasing power falls dramatically?