3 ms·

That is an adjustment of relative prices, inflation is the generalized increase in nominal prices of all goods. There is something called "asset inflation" but

That is an adjustment of relative prices, inflation is the generalized increase in nominal prices of all goods. There is something called "asset inflation" but its not a correct terminology.

mslate 8y ago
When housing and healthcare are >50% of my expenses, how much more general does the increase have to be to be counted as “inflation”?
- conanbatt 8y ago
  It has to affect your salary too, which tends to be >50% of your income.