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"This definition is simply incorrect. Rising prices (CPI) are the symptom, not the disease." I am not sure what you're saying, it could be that I am a bit foggy being a Friday and I've had a very busy week, or you are the foggy one

It has been a long time since my High School Economic Study's, I remember the definition in the same way that my first link describes it and also as the RBA puts it -

"How is Inflation Measured?
Inflation is an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices. Typically, prices rise over time, but prices can also fall (a situation called deflation).

The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households...."

[URL unfurl="true"]https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html[/URL]

<blockquote data-quote="JohnDe" data-source="post: 1156559" data-attributes="member: 80862">&quot;This definition is simply incorrect. Rising prices (CPI) are the symptom, not the disease.&quot; I am not sure what you&#039;re saying, it could be that I am a bit foggy being a Friday and I&#039;ve had a very busy week, or you are the foggy one&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />It has been a long time since my High School Economic Study&#039;s, I remember the definition in the same way that my first link describes it and also as the RBA puts it -&quot;How is Inflation Measured?Inflation is an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices. Typically, prices rise over time, but prices can also fall (a situation called deflation).The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households....&quot;[URL unfurl=&quot;true&quot;]https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html[/URL]</blockquote>

[QUOTE="JohnDe, post: 1156559, member: 80862"] "[I]This definition is simply incorrect. Rising prices (CPI) are the symptom, not the disease.[/I]" I am not sure what you're saying, it could be that I am a bit foggy being a Friday and I've had a very busy week, or you are the foggy one :) It has been a long time since my High School Economic Study's, I remember the definition in the same way that my first link describes it and also as the RBA puts it - "[B]How is Inflation Measured?[/B] Inflation is an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices. Typically, prices rise over time, but prices can also fall (a situation called deflation). The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households...." [URL unfurl="true"]https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html[/URL] [/QUOTE]

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