Inflation is to money like rust is to metal: a little is easy to control but a lot causes problems.
Don't ignore inflation
In this video, eZonomics outlines what inflation is and its real world implications. ING senior economist Ian Bright looks at how to protect savings from inflation and touches on two common pitfalls investors can neglect to take into account.
Put simply: “The important lesson is that even if inflation is low, you cannot afford to ignore it,” says Bright.