Inflation rate significantly influences various faces of finance, affecting both individual consumers and businesses. As inflation fluctuates, so does the purchasing power of consumers and the pricing strategies employed by companies. This article elucidates the concept of inflation, reviews current rate, and provides insights into the implications of these figures for both personal and corporate finance. 1. What Is Inflation? Breaking Down the Basics  a. Definition and Significance    Inflation denotes the rate at which the general price level of goods and services in an economy increases over time. Consequently, as inflation rises, each unit of currency acquires fewer goods…