alt Hacker NewsInflation simply refers to the rate at which prices are increasing. It's agnostic as to the origin ( any single/combo of demand increase, supply shortage, money printing, price fixing, etc).
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dagmx • today at 4:54 PM
Only if you phrase it devoid of any context.
And if the definition was that loose to begin with, then the original comment is even more incorrect since there have been multiple rounds of demand/scarcity led pricing increases.
Inflation isn’t just "prices increasing". It’s the sustained, broad-based rise in the overall price level. Your comment treats any price increase as inflation, but economists draw a pretty clear line here: a relative price change (say, eggs getting more expensive because of a supply shock) isn’t the same thing as inflation. You can have sector-specific increases (as in this case, with RAM) that are independent of changes in the general price level.