Inflation

Why is unexpected inflation a societal problem?

Unexpected inflation is a societal problem because the same money that is earned in a population cannot buy as many goods as it used to. If inflation is unexpected often times the wages of workers will not go up as inflation goes up, causing workers to have money that is worth less than the year before. This can result in an inability to pay for the increasing cost of living standards due to inflation. So items from food to toys will be too highly priced for workers to afford.