Explain the significance of inflation

Inflation makes money more common and therefore raises prices. this causes promblems due to wages not rising as well.

The definition of inflation in the field of economics is "mean increased money supply, but the general public often refer to a sustained increase in the general price level of goods and services in an economy over a period of time, causing due to increased demand, "Too much money chasing too few goods." It can also be seen as a lack of value in the currency.