I decided it would RuneScape gold be interesting to do a little research on what was happening to prices in the OSRS economy, there is often talk of inflation, and I was interested to try get an idea of how true that is.
What is inflation My first econ professor would always say to describe inflation to your average person, inflation is too much money chasing too few goods.Getting a bit more detailed, here’s a quote from the Reserve Bank of New Zealand.
Just so we really get what we are talking about.Inflation is the term used to describe a rise of average prices through the economy. It means that money is losing its value. The underlying cause is usually that too much money is available to purchase too few goods and services.
Or that demand in the economy is outpacing supply. In OSRS Gold general, this situation occurs when an economy is so buoyant that there are widespread shortages of labour and materials. People can charge higher prices for the same goods or services.