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A sustained increase in the average prices of all goods and services.
Has economic progress in America been shared widely or captured by only the rich?
Measuring economic progress requires an accurate measure of inflation. But measuring inflation is harder than you might think because rapid changes in quality often aren’t taken into account.
Today on the show: why deflation and high inflation are both really bad. And what signs to watch to see if one or the other is gonna come get us.
For much of the 70s inflation was bad. Prices rose at over 10 percent a year. Nothing could stop it — until one powerful person did something very unpopular. Today's show: How we beat inflation.