What’s inflation – and how exactly do we measure it?

  • Written by: Kevin Fox, Professor, School of Economics; Director of the Centre for Applied Economic Research, UNSW Sydney
What’s inflation – and how exactly do we measure it? Stokkete/Shutterstock

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

If the price of a cup of coffee goes up, coffee drinkers are worse off if their income doesn’t increase by at least the same amount – they have less...

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