The economist Pippa Malmgren advises looking at “biflation”. Some prices go up, like healthcare and organic food, and others come down, such as mobile phones and laptops. To average out the two trends can lead to unhelpful numbers.
The better approach is to separate energy, food, housing, tech, and services. Each has its own story.
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The economist Pippa Malmgren advises looking at “biflation”. Some prices go up, like healthcare and organic food, and others come down, such as mobile phones and laptops. To average out the two trends can lead to unhelpful numbers.
The better approach is to separate energy, food, housing, tech, and services. Each has its own story.