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RE: This is a problem

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This is a problem

knircky (73) in investing • 5 years ago

this is incorrect. if true could never calculate USD inflation as the money supply is not known. its about price

5 years ago by knircky (73)

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darth-azrael (67) · 5 years ago (edited)

You can't calculate exact inflation (or at least I don't know how you would). You are conflating our government's definition of inflation with a general definition of inflation. The U.S. government calculates inflation using a certain formula (more specifically, the consumer price index). Other countries do it differently. They are indexing it indirectly by looking at prices of certain goods and services. It's accuracy as a measure of inflation (or cost of living indicator which is what it really is) is debatable.

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knircky (73) · 5 years ago

Inflation is an official term with an official number published every quarter by the government. Maybe do some homework. Inflation is an economic term that is used by economist and mentioned by main stream media a lot. Google is your friend. Good luck.

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darth-azrael (67) · 5 years ago

No, it is not. The U.S. Department of Labor's Bureau of Labor Statistics has various indexes that measure different aspects of inflation, the most well known and reported on is the Consumer Price Index (CPI). This is one measurement of the effect of inflation, not the definition of inflation. Like I said, other governments measure the effects of inflation differently. Argue semantics all you want, it doesn't change my original point that the more dollars you print, the less they are worth. There's a term for that expansion of the money supply...oh yeah, inflation. Google is your friend. Good luck.

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