Higher Prices Are Here, Whether or Not You Call It Inflation
While economists hold their lofty debates about the bigger picture, down on the ground things cost more now, and that’s tough for a lot of Americans.
While experts debate inflation, consumers are shelling out more to pay the bills.
Source: Bloomberg
Here are the most important questions about the current inflation wave:
The second question has been the subject of a seemingly unending stream of analysis and debate this year. Prices of financial assets depend a lot on expectations of future inflation, so it’s understandably of great interest to investors. Keeping inflation from spiraling out of control is a key job of central banks, so it’s also of interest to central bankers, the economists who wish to influence them and the investors who watch their every move. The business and financial media cater to these people and rely on them as sources, so this is the question that dominates our coverage too.