Inflation is a summary statistic, or, if you like, an effect rather than a cause. Though of course as it flows downstream it becomes a cause of the next round o

Inflation is a summary statistic, or, if you like, an effect rather than a cause. Though of course as it flows downstream it becomes a cause of the next round of effects. But still, fundamentally, it's an effect rather than a cause. All of the inflation has "reasons" behind it. That doesn't make it "not inflation".