The essential definition of inflation is that it is the rate of increase in prices over a given period of time. Generally speaking, it is the overall increase in prices or the increase in the cost of living in a country. But as the International Monetary Fund (IMF) notices, it can also be more narrowly calculated—for certain goods, such as food, or for services, such as a haircut, for example. The fact is that inflation hits women more than men. Why is it so, and what are the consequences?
