Local price changes aren't inflation
noahpinion.substack.com
Local price changes aren't inflation
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Re: Local price changes aren't inflation
#2Tried to post the original piece's title. Appears HN removes the "Your" from the title upon posting?
Re: Local price changes aren't inflation
#3inflation is empirically defined as a change in price of a basket of goods.
theres no intrinisic locality in this, so it doesnt matter what scale its applied at.