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pavelmares
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>Is Inflation about General Increases in Prices?  - Frank Shostak - 
It is important to distinguish very precisely the increase of money supply from increase in prices, which reflects the inflation usually about a year later. As the money supply has been increased ("inflated") while the volume of goods is more or less the same (the commodities are being consumed, money is not), there is "more money than goods" in the market, resulting successively in higher prices. Another reason for higher prices can be an unproportionate demand/supply ratio (as in oil for instance) having nothing to do with the current money supply. So the increase of prices is only a result of inflation AND other causes.

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Beginning of the headline :There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services. From this it is established that anything that contributes to price increases sets in motion inflation. A fall in unemployment or a rise in economic activity is seen as a potential inflationary trigger... Read More
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