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by ccosm 1741 days ago
Is there a reason why every price increase is referred to as "inflation" these days? I thought inflation had more to do with debasement of a currency than price fluctuations due to supply and demand, with the key functional distinction being that the former can be hard to reverse while the latter can self-correct given time (e.g. the lumber price increase we saw this summer).
2 comments

https://en.m.wikipedia.org/wiki/Inflation#Definition

Basically, inflation can be split into two types:

> An increase in the money supply may be called monetary inflation, to distinguish it from rising prices, which for clarity may be called "price inflation".

When everything is inflation, nothing is.

When everything conflates to inflation, it stops people from realizing the real inflation happening right under them.