Inflation

Inflation means:
a rise in the prices of goods and services, as happens when spending increases relative to the supply of goods on the market-in other words, too much money is chasing too few goods. Inflation constitutes a silent tax increase because taxpayers are pushed into higher tax brackets.

See also other Tax Terms and Definitions in U.S.A.

indexation.

The simultaneous increase of consumer prices and decrease in the value of money and credit.

Description and Definition of Consumer Price Index (CPI) / Inflation

The Consumer Price Index is a measure of price changes of common goods and services published by the U.S. Government. The Index is commonly referred to as “inflation” or the “inflation rate”.

Resources

See Also

Further Reading

• Consumer Price Index (CPI) / Inflation in the West's Tax Law Dictionary
• Consumer Price Index (CPI) / Inflation in “A Dictionary of Taxation”