Almost each monetary information story for the previous a number of months has centered round inflation – however what, precisely, is inflation? What are its causes? What are its results? How is it measured? What notable inflationary occasions have unfolded all through historical past, and what can we study from these?
On this episode, we peel again the layers of the onion so as to deepen our understanding of the idea of inflation. We talk about hyperinflation, biflation, stagflation; we talk about the CPI, the PPI, and core inflation. We talk about the demand-pull inflation, cost-push inflation and the wage-price spiral. We resist the temptation to make predictions concerning the future, selecting as an alternative to deal with refining our understanding of the current.
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