Countries around the world are battling with increased costs as we are seeing the highest inflation in decades. As rates have risen in the UK and US in 2022, many people feel worse off as the cost of living soars. Central banks, governments and businesses hope to mediate the push and pull of various causes of inflation in order to keep the economy in balance. So, what is inflation? How does it impact an economy? Independent TV‘s Decomplicated series explains inflation. Watch the video on Independent TV: https://www.independent.co.uk/tv/news/inflation-economy-cost-living-explainer-b2142528.html Like us on Facebook: https://www.facebook.com/TheIndependentOnline Follow us on Twitter: https://twitter.com/Independent Follow us on Instagram: https://www.instagram.com/the.independent Subscribe to Independent Premium for exclusive content and live events: https://bit.ly/2MiOONB