Question

how does inflation affect a
consumer ​

Answer 1

Answer:

Inflation is an economic term describing the sustained increase in prices of goods and services within a period. To some, it signifies a struggling economy, whereas others see it as a sign of a prospering economy. Here, we examine some of the residual effects of inflation.

Answer 2

Answer:

One could also think of inflation as a reduction of the value of money, as consumers are able to purchase less than before. ... Elevated prices of goods hit hardest those consumers who have not received salary increases over time. In effect, people have to constantly get a raise to keep up with the prices of goods.

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