Back to basics: inflation 101
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This article is an introduction to the fundamental economic concept of consumer price inflation. For an advanced discussion of asset price inflation in the real estate market, see the first tuesday article, Beyond the basics: asset price inflation in the real estate market.
Fluctuation in the price level of goods and services
Inflation is a word that is often bandied about freely, meaning different things to different actors in the economy. At times, the concept is considered mystical and used with a lack of confidence in understanding, as is often seen with the gold bugs.
The truth about inflation is that, at its core, it is a very basic fundamental of macroeconomics, even while it has a profound and complex effect on both the nation’s and California’s economy in particular.
There are two basic types of inflation:
- consumer price inflation; and
- asset price inflation.
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loading...About The Author
Jeffery Marino
is an assistant editor and lead on our first tuesday news alerts, specializing in critical economic analysis and its impact on California’s real estate market.
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