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ELI5: How is the purchasing power of the US dollar increasing worldwide (USDX) while decreasing internally (inflation) (lemmit.online)

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The original was posted on /r/explainlikeimfive by /u/Evening_Milk2624 on 2023-06-26 08:59:05+00:00.

The only answer I can come up with in my limited understanding is "the demand vs supply of goods is increasing everywhere, but moreso in countries that aren't the USA." Is that accurate? Is there more to it?

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