Re:Italy Braces for Pasta Inflation Amid Soaring Durum Wheat...
by ccosm on Sunday September 12, 2021 @05:17AM
(#28499688)
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).
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Re:Italy Braces for Pasta Inflation Amid Soaring Durum Wheat...
by yunohn on Sunday September 12, 2021 @11:50AM
(#28502225)
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".