Alabama NewsCenter — Alabama economists provide primer about inflation and what’s behind rising prices

By Savannah Koplon

“Inflation“ is one of the most commonly heard terms right now, but many people are unfamiliar with what it means. While most Americans are feeling the effect of prices going up at the store or the gas pump, few have an understanding about what causes inflation, what to expect or how to gauge the future.

University of Alabama at Birmingham economists Ben Meadows, Ph.D., and Joshua Robinson, Ph.D., from the Collat School of Business weigh in on what is happening with inflation, how the average person can better understand the future of the economy and what the value of their dollar looks like moving forward.

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