system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
What is Inflation?


assistant
Inflation is the rate of increase in the prices of goods and services over a specified period of time. A high inflation value would represent greater increase in the prices of goods and commodities leading to lower value of the currency over-time.