Inflation refers to a persistent increase in the generalpricelevelof goods and services in an economy over a period of time.
通货膨胀指的是某一经济体的商品和服务的总体价格在一段时期内持续上涨的状态。
2
When the generalpricelevel rises, each unit of currency buys fewer goods and services, which means the purchasing power of each unit of money is reduced.
当总体价格水平上涨时,单位货币所能够买到的商品和服务就会减少,也就是说,单位货币的购买力下降了。
3
Secondly, to control price on macro-economy, i. e. to control GeneralPriceLevel which is averaged from indexes of commodities and services.