Yeah, but any time the word inflation is mentioned I chafe..
It’s not nearly the same thing as cost of living. And regular people tend to define inflation as stuff they can’t afford anymore, which is vastly different than the economic professions definition of it. So when people say inflation is too damn high and Economist go oh you’re ignorant it’s like, nah.
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Emeritus Prof Christopher May
In response to this post@GhostOnTheHalfShell
yes, not sure if you saw this I wrote a while back which includes the issue you allude to about different perceptions of inflation....
https://northwestbylines.co.uk/politics/economy/misunderstanding-inflation/
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