2min chapter

Jimmy Akin's Mysterious World cover image

The Mystery of Inflation (Pocketbook Pain!)

Jimmy Akin's Mysterious World

CHAPTER

Do All Countries Use Cors Inflation as Their Key Indicator?

Do all countries use cors inflation as their key measure of what's happening with the economy? No. Some countries, like the european union, the united kingdom and india have mandates that their institutions use headline inflation instead. This means that their institutions are held accountable to what their citizens are actually experiencing in terms of inflation. I'd also note that the us. Government didn't use to do this. They used to calculate the inflation rate differently, but then they changed it twice, in the 19 eighties and in the 19 nineties. And both times they changed it in a way that the resulting number would report less inflation than previously. At least on its face, that suggests

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