When a producer is concerned that a price increase will diminish sales and increase consumers’ ire, the other alternative is shrinkflation.
To solve the mystery created by the inflation worries that are in the news, we can look at sticky and flexible prices.
Some economists are asking if the increase in used car prices is an indicator of the path that future inflation will take.
A Consumer Price Index (CPI) that went up by just .6 percent during the past year hides a much larger increase in some grocery prices.
Whether looking at great apes or humans, there is evidence that all of us experience a dip in our happiness curves at a similar stage of the life cycle.
By looking at inflation rates for tradable and nontradable goods and services, we can identify one reason for high hospital prices.
Looking at our holiday meal through a turkey top ten list, you can see how Thanksgiving economics is about so much more than money.
By dividing the CPI into goods and services that can and cannot be traded, we can see the impact of trade on price changes.