A person shops in the meat section of a grocery store on November 11, 2021 in Los Angeles, California. Consumers around the world are paying more for goods and services.
Mandatory Credit:	Mario Tama/Getty Images

A person shops in the meat section of a grocery store on November 11, 2021 in Los Angeles, California. Consumers around the world are paying more for goods and services.
Mandatory Credit: Mario Tama/Getty Images

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Inflation, explained: Why prices keep going up and who's to blame

Confused about inflation? You're not alone. Inflation is, paradoxically, both incredibly simple to understand and absurdly complicated. Let's start with the simplest version: Inflation happens when prices broadly go up.