The big problem is people believing that there is any one such thing as inflation.
There isn’t. The word inflation represents many, including wildly divergent, ideas.
And many of the very different things represented by inflation serve very different purposes, and that’s why they’re changed, because different measures of inflation help measure different concepts. Core inflation is just one of many different measures of inflation.
There isn’t. The word inflation represents many, including wildly divergent, ideas.
And many of the very different things represented by inflation serve very different purposes, and that’s why they’re changed, because different measures of inflation help measure different concepts. Core inflation is just one of many different measures of inflation.