Inflammation is the body's immune response to an irritant, which can be caused by various factors including physical, chemical, infective, immunological, and foreign materials. It is characterized by the cardinal signs of redness, swelling, heat, pain, and loss of function, and can be categorized as acute or chronic based on duration and severity. Acute inflammation involves early vascular and cellular responses, while chronic inflammation represents a prolonged process with ongoing tissue destruction and repair, accompanied by systemic effects like fever and anemia.