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Why are fears of high inflation getting worse? Things to know as prices rise.


What is inflation, how much is too much, and what does deflation mean? CNN Business explains.
WASHINGTON (AP) — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks.
All of which is resurrecting fears of an economic threat that has all but disappeared over the past generation: Runaway inflation. It occurs when prices for most goods and services not only rise but accelerate, making the cost of living steadily more expensive and shrinking the purchasing power of Americans earnings and savings.
Keep scrolling for a Q&A on inflation and what can be done to stop it ....

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