Journal Article
Is it more expensive, or does it just cost more money?
Abstract: Most of us, from the general public to professional economists, use the term inflation pretty loosely. It?s increasingly applied to any rise in prices, and even economists use it interchangeably with a rise in the cost of living. This Commentary explains what inflation is, why it should be kept distinct from a rise in the cost of living, and how some statistical measures attempt to distinguish between the two.
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2002
Issue: May
Order Number: 2