Inflation Explained: What is it and Should we be Worried?

“The Consumer Price Index (CPI) just hit a 9.1% Increase over the last year, the highest increase since 1981 and significantly higher than the predicted 8.8% increase experts were expecting. But what does this mean? What is Inflation, or even the Consumer Price Index for that matter? How do we calculate inflation? What is causing Inflation? And is inflation something we should worry about?”