Kyle Montanio on Nostr: You've probably heard that many people *think* inflation is still much higher than it ...

You've probably heard that many people *think* inflation is still much higher than it actually is, but did you know that people have changed the definition of inflation (and didn't tell us economists)?

Inflation no longer seems to mean "rising prices" but, instead, "high prices". So 'inflation' can be high even as prices fall, the thought of which gives me a hell of a headache...

https://www.axios.com/2024/05/26/inflation-definition-evolution-high-prices

#econonics #inflation