Greetings.
I have recently saw a title for the article named “RBC CEO sees inflationary pressure building as economy bounces back”.
What does inflationary pressure means?
Thanks in advance.
In: Economics
An inflationary pressure is anything causes the buying power of money to drop, in other words prices are going up.
If gas cost $1/gallon last night and costs $2/gallon tomorrow, that’s an example of inflation. The various reasons why gas costs more are the inflationary pressures.
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