A third of Europeans do not understand how inflation works, according to a survey by Eurobarometer. The same survey revealed only 18% of EU citizens were able to show a high level of financial literary. According to the survey, 65% of EU citizens are aware that, in times of positive inflation, the purchasing power of their money decreases, meaning they can buy less than they could before with the same amount of money. Lack of knowledge about inflation could be seen as concerningIn October 2022, the annual inflation in the EU reached levels not seen before in the previous four decades at 11.5%….