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Re:Inflation rose 9.1% in June, even more than expected by BlueTemplar on Wednesday July 13, 2022 @07:39PM (#32090116)
I think instead is that the mistake was to measure them in terms of money, which is a token, a signal, and hence not "real" (not to mention subject to feedback loops when trying to focus economic policy on that signal !)
Re:Inflation rose 9.1% in June, even more than expected by eru on Wednesday July 13, 2022 @11:56PM (#32091830)
As you suggest, it's important to make a clear distinction between nominal and real variables in economics.

However, nominal variables are also subject to feedback loops.