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[3] [4] For example, if inflation had been running at a 3% rate, but for one year it falls to 0%, the following year would need 6% inflation (actually 6.09% due to compounding) to catch back up to the long-term trend. This higher than normal inflation is considered reflation, since it is a return to trend, not exceeding the long-term trend.
The Fed’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—rose 2.8% from a year ago in March. That ...
Core inflation followed a similar trend, with the three-month percentage change increasing from 1.6% in July to 3.5% last month. Higher inflation erodes the value of future consumption.
Headline inflation accelerated as expected in December, while core inflation, which strips out more volatile food and energy prices, rose 3.2% year over year, according to the Bureau of Labor ...
Full Employment, Basic Income, and Economic Democracy' (2018) SSRN, part 2(1) RD Gabriel, 'Monetary Policy and the Wage Inflation-Unemployment Tradeoff' (2021) [1] A. W. Phillips , ‘The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom 1861–1957’ (1958) 25 Economica 283
Inflation can lead to massive demonstrations and revolutions. For example, inflation and in particular food inflation is considered one of the main reasons that caused the 2010–2011 Tunisian revolution [113] and the 2011 Egyptian revolution, [114] according to many observers including Robert Zoellick, [115] president of the World Bank.
Spending, which economists expected would take a hit because of back-to-back devastating hurricanes to hit the Southeast, held up as well, rising 0.4% for the month (and 0.1% when accounting for ...
As lower (real) interest rates are associated with stimulating the economy under monetary policy, the higher inflation is, the more flexibility a central bank has in setting (nominal) interest rates while still keeping them nonnegative; negative (nominal) interest rates are considered unconventional monetary policy and have very rarely been ...