Comment by Workaccount2
Comment by Workaccount2 2 days ago
Inflation simply refers to the rate at which prices are increasing. It's agnostic as to the origin ( any single/combo of demand increase, supply shortage, money printing, price fixing, etc).
Comment by Workaccount2 2 days ago
Inflation simply refers to the rate at which prices are increasing. It's agnostic as to the origin ( any single/combo of demand increase, supply shortage, money printing, price fixing, etc).
Inflation isn’t just "prices increasing". It’s the sustained, broad-based rise in the overall price level. Your comment treats any price increase as inflation, but economists draw a pretty clear line here: a relative price change (say, eggs getting more expensive because of a supply shock) isn’t the same thing as inflation. You can have sector-specific increases (as in this case, with RAM) that are independent of changes in the general price level.