what is inflation and how is it measured?

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what is inflation and how is it measured?

1)  What is the inflation rate? How is inflation measured? Is inflation a worry, or are we in a period of stable prices?

2)   What is the unemployment rate? Will a high unemployment rate cause deflation? What is the current structure of the labor market? How does the current structure of the labor market affect the threat of cost push inflation or deflation? 3) What is the growth rate of GDP?

3)   How is GDP measured? Can you find predictions on the future growth rate?

4)  4) What is the income distribution? How is it measured? How has this changed over recent history?