What is it? | An employer's guide to inflation

‘Inflation’ is a word you would be hard pressed to escape today.

Everywhere you turn are stories of regular people struggling due to the increased cost of things and stories about how weak the British Pound is compared to the US Dollar. For many, the knock-on impact of inflation is being experienced in their own lives with their monthly salary not going as far as it once did. But what does inflation even mean?