Page One Economics: Making Sense of the Ups and Downs of Prices
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- Page One Economics: Making Sense of the Ups and Downs of Prices
- Reserve Bank
- St. Louis
Have you ever heard someone say “Back in my day, a gallon of gas cost a quarter!” Comparing today’s prices with prices “back in the day” can be misleading. Both inflation and deflation between then and now have to be taken into account. Read the August 2013 Page One Economics Newsletter to learn more about the effects of inflation on prices.
The Federal Reserve System
|Consumer Price Index, Cost, Deflation, Dual Mandate, Economics, Inflation, Inflation Rate, Monetary Policy, Price Stability|