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The Fallacy of “Measuring” Inflation
mises.org/mises-wire/fallacy-measuring-inflationWhile we often speak of measurements of inflation (such as “inflation went up by three percent”), in reality, one cannot accurately measure it, given official measurements consist of arbitrary weighted averages. It is better to see inflation as qualitative, not quantitative.
This story appeared on mises.org, 2025-07-09 11:02:31.