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Economy

In reply to the discussion: CPI Up 0.4 Per cent in February [View all]
 

banned from Kos

(4,017 posts)
2. Its why its silly to have energy prices in an inflation index.
Sat Mar 17, 2012, 09:07 AM
Mar 2012

When gas prices fall this summer it won't be called "deflation".

Are gas prices in a long-term upward trend? Sure. That is not inflation though. I hear a lot of what Paul Krugman derisively calls "Inflationistas" yapping about this. They don't know what inflation is.

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