An analysis concluding that inflation measures based on median price changes are a better indicator than measures based on mean price changes.

An explanation of why, in the face of a booming economy, low unemployment, and scant inflation pressures, the Federal Reserve must continue its campaign to achieve price stability.

Some of the items that make up the Consumer Price Index change prices frequently, while others are slow to change. We explore whether these two sets of prices - sticky and flexible - provide insight on different aspects of the inflation process. We find that sticky prices appear to incorporate...

In this Commentary, we document that people report very different perceptions and predictions of inflation depending upon their income, education, age, race, and gender — a strange finding that may provide an important clue to understanding how to interpret survey data of inflation expectations.

That men and women occasionally see things differently is not a remarkable observation. But that the sexes could report vastly different perspectives on the rate at which prices are rising over a long period of time is astonishing. This Commentary describes the difference in inflation sentiment...

An examination of how inflation reduces economic welfare by causing people to work harder.

An argument that adopting specific inflation targets as a way of achieving price stability would enhance the United States' economic performance.

A historical look at the origin and uses of the word inflation, arguing that although the term has become nearly synonymous with "price increase," its original meaning--a rise in the general price level caused by an imbalance between the quantity of money and trade needs--is the definition...

Most of us, from the general public to professional economists, use the term inflation pretty loosely. It’s increasingly applied to any rise in prices, and even economists use it interchangeably with a rise in the cost of living. This Commentary explains what inflation is, why it should be...