If you are a student, you’ve probably noticed the varying amounts of college tuition that exist in the United States. You can go to community college and pay about $3,000 a year for your education, or you can go to a private university and pay $100,000 a year for tuition. No matter how different these numbers are, they share one thing in common: they can change. College tuition is not a static figure, and unfortunately, the amount usually gets bigger and bigger every year.

Deflation in contrast with inflation is a fall in the overall level of prices of goods and services. Although that may be good to consumers, deflation can be disastrous to an economy as it may deter spending, raise debts and retard investments.

Do you ever see family members or friends getting annoyed that gas prices have risen by 40 cents per gallon, or maybe you have noticed that the restaurants you go to slowly increase their prices over time? A frustrating experience of life, inflation is the rise of goods and services in an economy over a period of time. It is something that is global, and right now the U.K. is experiencing some of its highest inflation rates since January of last year. 

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