The evolving definition of "inflation" highlights the growing disconnect between public perception and traditional economic metrics. Many Americans now equate inflation with high prices, a significant departure from the classic definition measured by the Consumer Price Index (CPI). This shift highlights the broader trend of simplifying complex economic concepts, often leading to miscommunication. Join Rick as he delves into the reasons behind this redefinition and how it impacts conversations about inflation today.
Rick Kahler, CFP, is a fee-only financial planner and financial therapist with a nationwide practice based in Rapid City, South Dakota. His co-authored books include "Coupleship Inc.” Learn more at [ Ссылка ].
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