Nexxo
Inflation
A general increase in prices that reduces the purchasing power of money.
What it means
A general increase in prices that reduces the purchasing power of money.
An everyday example
The same grocery basket costs more even though the amount of money you have is unchanged.
Why it matters when splitting expenses
Agree the allocation rule, reference currency and settlement date with your group. Keeping these details visible helps avoid misunderstandings when expenses and repayments happen on different days.
