I've posted Investopedia's link here before, but specifically, their tutorials are helpful. I ran into this one while idly searching for information about the causes of inflation. (The Fed just increased the reserve rates to 4%.)
To me, inflation in general seems like a bad thing. Whether or not your wages increase to compensate, there doesn't seem to be a purpose for a change in the valuation of monetary units. I guess it's just that costs and demand change at different rates with different industries, typically rising, so as costs become equalized across the economy currency surreptitiously becomes devalued. This is especially true since we no longer have a gold standard to bind the currency to a reference point with practical material usage.
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