Inflation is the increase in the prices of goods and services across an economy. When prices inflate, you need more money to buy the same things. The opposite of inflation is deflation, when prices are lower across a range of goods and services.
James Howell, a 17th century historian cum writer was the first writer to earn his living from writing alone in the English language; other writers of those times pursued writing as a hobby, not a profession as writing alone never paid enough.
The Swedish-born writer was the first woman to win the award. The Nobel committee described her work as lofty, vivid and spiritual, mostly known for her children's books. Most famous work: The Wonderful Adventures of Nils â the 1906 book follows the life of a young boy named Nils Holgersson.