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What is inflation? VIDEO

 

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Phil Usher is a proud Wiradjuri man from Central NSW. 

You may have noticed that certain things we buy cost a lot more than they used to.

For example, 20 years ago a dozen eggs cost about $2.90. Nowadays, you’re looking at upwards of $3.50 for the same product.

That’s called inflation.

In simple terms, it means when the cost of goods and services increases over time.

The First Nations Foundation CEO Phil Usher explains more about what it means for you and your savings habits in the video below.

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