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by SpicyLemonZest
1976 days ago
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Under the conventional definition, "inflation" exclusively refers to an increase in the general price level, so it doesn't make a ton of sense to talk about "finding" the inflation or one sector or another. An increase in prices within specific industries isn't inflation, just a price increase. (Of course, you're free to use nonstandard definitions if you'd like, but you can't just toss other perspectives out the window because they use the conventional ones.) |
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