…Exactly what is inflation, and how do we measure it? The correct answer is not at all obvious, though plenty of people think it’s obvious…Today we will consider some different inflation measures…[and,] while none fully satisfies, it is very important to investors, savers, and people in general…[that] we…attempt to…[do so].
What is inflation, and what causes it? [Read on! It’s lengthy but well worth your time to read.] Also read “What is Inflation?” It is part of a series my team is developing to answer some common economics questions.
[The above excerpts come from an article written by John Mauldin which originally appeared on MauldinEconomics.com and is presented above by the editorial team of munKNEE.com (Your Key to Making Money!) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]
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Inflation is a significant measurement for the economic health of countries around the world but rates are often reported weeks after data is collected. To address this problem, two professors at MIT Sloan School of Management have launched the Billion Prices Project which is the first website to publish daily price indexes and provide real-time inflation estimates around the world. Words: 825
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