For economists, inflation is a monetary phenomenon. It concerns the value of money. For consumers and entrepreneurs, inflation is a disease of the currency. In inflationary conditions, the currency in which all prices are expressed "loses its value".

The increase in prices within a country whose currency has mandatory validity is always accompanied by the devaluation of the currency. The same amount of national currency corresponds to a smaller amount of an international currency. However, in the case of the common currency euro, things are more complicated.

The impact remains mainly within the national economy, but it leads to a loss of competitiveness of that economy. In turn, this loss comparatively reduces the equivalent purchasing power of "national" wages and profits compared to other economies.

In a comprehensible and explanatory manner, this book explains what inflation is and analyzes how it is created. At the same time, it correctly describes the current economic and political framework: Pandemic, war, energy crisis. It also answers many crucial questions, such as: how is inflation measured and whether it can be reduced, how does the exchange rate affect inflation, while an entire chapter is dedicated to the history of Greek inflation.