"Rethinking Inflation: Causes, Blame, and miscalculations"
TL;DR Summary
Inflation is the decline of purchasing power in an economy caused by rising prices, with causes including demand pull, cost-push effect, and built-in inflation. The latest report from the U.S. Bureau of Labor Statistics showed a 3.1% rise in prices year over year in January, raising questions about potential Federal Reserve interest rate cuts. Hyperinflation is the rapid and uncontrolled increase of inflation in an economy, with devastating effects when it occurs.
Topics:business#consumer-price-index#economics#federal-reserve#hyperinflation#inflation#interest-rates
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