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OK .. so when price of flowers goes up prior to Valentine's day, that's inflation?
by macspoofing 6y ago
OK .. so when price of flowers goes up prior to Valentine's day, that's inflation?
- JumpCrisscross 6y ago> when price of flowers goes up prior to Valentine's day, that's inflation? No. Inflation is a "a general rise in the price level in an economy over a period of time" [1]. A single product pricing up is not a "general rise," and a temporary spike before Valentine's Day isn't "over a period of time." [1] https://en.wikipedia.org/wiki/Inflation https://en.wikipedia.org/wiki/Inflation
- macspoofing 6y agoOK! Fair enough!