Inflation means decreasing money?

I would like to know, does inflatio mean that a certian amount of money was worth more last year then say this year?

for example annual inflation rate is 2%

so 鎷?00 this yr is worth 鎷?00

(inflation at 2 % = 鎷?)

so next year, that 鎷?00 is now worth 鎷?8 ( buts its still 鎷?00 in numbers)

so then does that mean millionaires today will be same as normal ppl in say 100 years as this 2% every year will take over?

Inflation means decreasing money?

no it means that the money is worth less. not that there is less of it

Inflation means decreasing money?

it just meens that money would buy more last year than it would this year, which i guess means that it is worth more

Inflation means decreasing money?

If there%26#039;s 2% inflation in a year, that means that what you could buy last year for $100, now costs $102 for the exact same thing(s).

Yes, if the same 2% inflation rate continues, then what cost $100 this year will cost something like $724 in 100 years from now (100*1.02^100)

Inflation means decreasing money?

Hi!

Inflation is an increase in the amount of money or credit available in relation to the amount of goods or services available, which causes an increase in the general price level of goods and services. Over time, inflation reduces the purchasing power of a dollar, making it worth less.

And that definition does not come from me, so I can%26#039;t answer surely for the millionaires, but I think that no. Because inflation isn%26#039;t always constant, it just goes up and down.

I hope it helped you.