Price Rise
A price rise refers to an increase in the cost of goods and services over time. This can happen due to various factors, such as higher production costs, increased demand, or changes in government policies. When prices rise, consumers may find that their purchasing power decreases, meaning they can buy less with the same amount of money.
Price rises are often measured by the Consumer Price Index (CPI), which tracks the average change in prices over time. Central banks, like the Federal Reserve, monitor these changes to make decisions about interest rates and economic policy, aiming to maintain stable prices and promote economic growth.