As a kid I was dazzled that Howard Johnson’s had 28 flavors of ice cream, including lemon stick and strawberry ripple.
As an adult I am equally impressed by the number of flavors of inflation.
There are dozens of ways to measure price changes, each serving a different purpose.
The big news on Thursday was an increase in one particular flavor of inflation, the price index for core services excluding housing.
In other words, the inflation you experience depends on the things you buy.
Persons:
Howard Johnson’s
Organizations:
Federal Reserve, of Labor Statistics, Labor Department, Commerce Department
Locations:
U.S