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Questions about the veracity of government data have been on the rise. Older methods of the calculation of the consumer price ...
The word inflation covers two different concepts, and it's important to keep them separate. One concept is monetary inflation, which is when the supply of money increases faster than the supply of ...
Inflation - the concept, the measurement, and the policy implications -- illustrates the greatest discrepancy between popular perception and economic reality. Anyone writing truth on inflation ...
Which items has inflation impacted the most? Food inflation concept where a tray of eggs is shown with a 20 dollar bill. There’s the inflation you see, and then there’s the inflation you feel.
There is no concept in economics today that is as poorly understood as inflation. Academic economists, investment professionals, media pundits, and politicians all wallow in confusion about what it is ...
SEE ALSO: US inflation hits new 40-year high of 8.6% for May That means the average cost of everything you bought, from food to automobiles, to apparel - went up nearly 9% over those 12 months.
EK1949 14 Oct. 2017 Comments (4.21K) The point, before we lose it altogether, is that when the missing part of inflation is wages, the view of what inflation is inverts.
Former central banker Neil Grossman added historical context, noting that the 2% inflation concept originated with the Reserve Bank of New Zealand in 1995 before other central banks adopted it.
The clue is really real interest rates. With WPI inflation at 7.3% and CPI inflation at, say, 10%, the real cost of funds is in the negative zone with the repo rate being 8%.