Introduction. 1  Guardianship, also, referred to as conservatorship, is a legal process, utilized when a person can no longer make or communicate safe or sound decisions about his/her person and/or property or has become susceptible to fraud or undue influence.
However, inflation isnât about rising prices; itâs about an expanding money supply. Higher prices are a consequence of inflation, not inflation itself. While short-term inflation can raise prices and wages and have little detrimental effects to the economy, sustained long-term inflation can be very harmful. If left unchecked, inflation can become hyperinflation, a condition where a fiat currency becomes so diluted, itâs practically worthless.
A: Inflation, an economic concept, is an economy-wide sustained trend of increasing prices from one year to the next. The rate of inflation is important as it represents the rate at which the real value of an investment is eroded and the loss in spending power over time.Inflation also tells investors exactly how much of a return (%) their investments need to make for them to maintain their standard of living.owever, a one-time jump in the price level caused by a jump in the price of oil or the introduction of a new sales tax is not true inflation, unless it causes wages and other costs to increase into a wage-price spiral.