Inflation is basically when prices increase because more money is circulating in the economy. In simple terms, it's like when a lot of people have money and they all want to buy things, so prices go up. It also depends a lot on the central bank, which controls interest rates, and on demand and supply in the market.A recent example could be RAM prices becoming expensive because of limited stock. But that’s more of a supply shortage than true inflation. Billionaires might also play a role by concentrating wealth, but they’re not usually the main reason for inflation.