What are price increases?

Price increases are when things you buy cost more than they used to.

Imagine you have a favorite candy that costs 50 cents. One day, you go to buy it, and now it costs 75 cents. That’s a price increase, the candy is still the same, but now it takes more of your money to get it.

Let's say you're having a pizza party with friends. The pizza used to cost $10 for everyone to share, but now it costs $15. That’s like a price increase, the pizza is still delicious, but you need more money to enjoy it.

Sometimes, prices go up because making things takes more money. Maybe the person who makes the candy has to pay more for sugar or chocolate. Or maybe there's not enough candy in the store, so people are willing to pay a bit more to get it.

Just like when you want a toy that only one store has, you might be okay with paying a little extra to get it. That’s how price increases work in real life!