> What is "the price level of an economy?" How do you measure it? Your link has a lot of options: https://en.wikipedia.org/wiki/Inflation#Measures https://en.w

> What is "the price level of an economy?" How do you measure it? Your link has a lot of options: https://en.wikipedia.org/wiki/Inflation#Measures https://en.wikipedia.org/wiki/Inflation#Measures Sure, we usually use CPI, and it has some downsides, but all the measures are correlated to some degree. Headlines regularly use the U-6 unemployment rate, but academics usually use U-3. Nothing's stopping you from using a different measure of inflation in a discussion, and I'd personally love to hear your take.