Rising Prices 4 Growth and Changes 8 Reasons for the Rise 10 Watching Costs 12 Inflation and You 14 What about Wages When It’s Good 18 Inflation and Governments Going to Extremes 16 20 24 Staying on Track 26 Voices in the News 28 Contents SilverTips for Success 29 Glossary 30 Read More 31 Learn More Online 31 Index 32 About the Author 32
NEWS ¢ $ $ $ In 1970 a dozen eggs cost about 60 A men’s haircut was about 5 Fifty years later a dozen eggs cost closer to 2 50 The price of the haircut rose to more than 25 When prices go up over time it’s called inflation Then money can’t buy as much as it did before Rising Prices Inflation affects both goods and services Goods are things you buy such as food Services are things you pay someone to do for you Getting a haircut is a service 4
