The term "rising inflation" refers to an increase in the general price level of goods and services within an economy over a period of time. In other words, it means that the cost of living is going up due to an increase in prices for things like food, housing, transportation, healthcare, and other essential items.
Inflation can be caused by various factors such as increased demand for goods and services, higher wages for workers, or a decrease in the availability of certain products. When inflation rises rapidly over a short period of time it is referred to as "hyperinflation."
Rising inflation can have both positive and negative effects on an economy. On one hand, it can lead to increased economic growth if people are spending more money due to higher wages or lower unemployment rates. However, on the other hand, high inflation can also reduce purchasing power, increase debt levels, and create uncertainty in financial markets.
Overall, rising inflation is something that economists closely monitor and try to manage through various policies such as adjusting interest rates, implementing fiscal measures or using monetary policy tools.