Is inflation about general increases in prices?

posted by
March 13, 2012
Ludwig von Mises Institute
by Frank Shostak  
Posted in Commentary

"There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services. From this it is established that anything that contributes to price increases sets in motion inflation. A fall in unemployment or a rise in economic activity is seen as a potential inflationary trigger. Some other triggers, such as rises in commodity prices or workers' wages, are also regarded as potential threats." (03/13/12)  

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