Inflation is a crude measure of the overall impulse in prices to be rising over a period of time. And as it when i was at last close, several pents, pretty high, relative to recently its very high. It's been much lower than that, and has not been concerne. But ultimately the broader based movements that you are referring to are really closely related to monte.
What's so bad about rising inflation? Why should we aim for a rate of 2 percent? Why is it a problem if interest rates are too low--and what do we mean by inflation, anyway? Stanford University's John Taylor talks with EconTalk host Russ Roberts about these questions, the Taylor Rule, why inflation is rising, and what the Fed should do about it. At the end of the conversation, Taylor discusses whether stimulus stimulates and the dangers of the national debt.