Do recent energy shocks mean we might see a replay of the 1970’s stagflation? I believe not, and here’s why.
Category Archives: inflation
Who cares about core inflation?
This is another one of those months when you could report pretty much any number you like to summarize the current inflation rate, and, as William Polley noted, newspapers did. At times like these, the concept of “core inflation” can be very helpful.
Measuring inflation
It’s easy enough to define inflation as a decline in the purchasing power of a dollar. But the power of a dollar to purchase– exactly what? The devil is in the details.