What is 'Cost Push Inflation'

Definition: Cost push inflation is inflation caused by an increase in prices of inputs like labour, raw material, etc. The increased price of the factors of production leads to a decreased supply of ...

Basket of Goods: Definition, CPI Calculation, and Example

A basket of goods is defined as a constant set of consumer products and services valued on an annual basis and used to ...
Forbes

How Shifting Inflation Metrics Could Complicate The Fed’s Policy Path

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. June inflation eased, yet this masks deeper concerns over the Fed's shifting measurement ...
nytimes.com

Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92

He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment. By Chris Kornelis Edmund S. Phelps, who was ...
NPR

Inflation has hit a 3-year high. What it means and what the Fed might do

The U.S. annual inflation rate jumped to 4.2% in May, a three-year high. NPR's Steve Inskeep speaks with economist Claudia Sahm about what the numbers mean and what the Fed may do about it. Claudia ...
CNN

Uncomfortably high inflation is a real problem and it’s not going away anytime soon

Here’s something no American wants to hear: Prices are surging again, and uncomfortably high inflation could be with us for quite some time. Inflation has been a thorn in the US economy’s side since ...