Cost-Push, Demand-Pull, Easy-Money, Fiscal-Excess Inflation
Cost-Push, Demand-Pull, Easy-Money, Fiscal-Excess Inflation
U.S. current (March) inflation of +8.5% year over year for the Consumer Price Index (i.e., known as CPI-U, with the U signifying that itโs for urban consumers) is the highest this century. Itโs more than four times greater than the +2.0% figure usually accepted as the desirable target. A little inflation is judged to be a good thing for the economy. By making it easier to pay off loans, it greases the wheels of industry.
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