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Glossary

Inflation

The gradual rise in prices that erodes money's purchasing power over time.

Inflation is the rate at which prices rise, meaning each dollar buys a little less over time. Even modest inflation compounds into a large loss of purchasing power over decades.

It's why long-term plans should consider real (inflation-adjusted) values, not just nominal amounts.

Put it into practiceTry the Inflation CalculatorRun your own numbers in seconds — free and private.

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