Introduction: What is Inflation and Inflationary Growth? 

Hello, our dear Singaporean friends! Welcome to this simple crash-course of inflationary growth , run by the Association of Sensible Singaporean Economists. We hope that through this simple-to-read website, you can learn more about inflationary growth and how it affects you.

You often hear about inflation in the newspapers and on TV, but do you know what inflation means? To begin with, Inflation is generally defined as a sustained rise in general price levels of prices and goods and services in an economy over a period of time. Inflation also often means a decrease in the purchasing power of a country's currency, since the amount of things each unit of currency, in our case, Singaporean dollars, can buy will decrease as a result of inflation. One example of how the Singaporean government had helped eased the problem of inflation was through easing their monetary policy and allowing the Singaporean dollar to rise. Indeed, proper knowledge of the phenomenon of inflation and how to counter it is a valuable asset in today's society. 

With that being said, what then, is inflationary growth? Inflationary growth would then refer to growth from any economic activity that leads to inflation, or when actual growth far exceeds that of potential growth. 


Sensible, isn't it? But that's what we're known for. Being sensible economists. We truly hope that by the end of these posts, we'll be able to help you better make sense of the concept of inflation and inflationary growth.