4 ms·
If it only happened to bread, sure. But at some point it has to be inflation if it ends up being across the board. So its not just bread, its bread, soda, car,
by tcmart14 4y ago
If it only happened to bread, sure. But at some point it has to be inflation if it ends up being across the board. So its not just bread, its bread, soda, car, houses, a computer, toilet paper, meat, etc.
Sure, it may or may not fit the classical definition of inflation, but if it happens across the board, then functionally it is the same.