Ranging from milk to Argentina, while the range of inflation facts is massive, always they return us to the meaning of a price.
To solve the mystery created by the inflation worries that are in the news, we can look at sticky and flexible prices.
Seemingly a single number, the CPI market basket is composed of wildly different flexible and sticky prices that provide a different view of inflation.
At your local gas station, you might be seeing some sticky prices. Although barrels of West Texas Intermediate (WTI) and Brent Crude have steadily gotten cheaper, the price at the pump has had a less steep downward trajectory. One economic study…