
The Mystery of Inflation (Pocketbook Pain!)
Jimmy Akin's Mysterious World
00:00
What Is Core Inflation?
The key number that gets reported by the federal reserve, and thus gets reported in the press, is what's called core inflation. It's the rate of inflation that the us. Has experienced if you take out the prices of food and energy. The alternative is known as headline inflation. Why would the fed want to promote core inflation rather than using headline inflation? There are several arguments that seek to justify one of the most prominent is that food and energy prices are too volatile.
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Transcript

Listeners have noticed that when Jimmy Akin mentions how much something cost in the past, he says it's due to "inflation the government has caused." Now he and Dom Bettinelli are going to explain why he says that, what inflation is, why it happens, and why Jimmy says the government is responsible.
