Some Argentine government bodies seem well aware of the true inflation rate.
But anyone else who needed to know the true inflation rate simply turned to a clutch of private economists who drew on their own price surveys, data from provincial governments and other official statistics.
His rhetoric must focus on deflation fears, disagreements on the true rate of inflation and the need to stimulate the economy and create jobs.
Ultimately, it has to be recognized that the only true measure of inflation does not involve prices, but instead involves the value of the dollar itself.
So while nothing's ever exact, just as in 1987 we presently have an unseasoned central banker seemingly lost at sea about the true nature of inflation.
While it is true that increases in inflation may occur concurrently with drops in unemployment, there is no logical causality that can be implied.
Implementing a federal reserve for American primary borrowers would cut out the middleman and make buying in America more affordable and based on true growth, not inflation from Wall Street.
Formally, it is true, the control of inflation is now in the charge of the Bank of England, which since being made independent in May has raised interest rates by a percentage point.
True, over the next few months inflation, which subsided to 1.1% in September, will increase sharply.
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Barring true disaster (something like the Weimar inflation) what happens to the macroeconomic indicators seems to make very little difference over time.
If it is true, however, that steady to higher inflation is a precondition for rising stock prices in the current decade, the signals from the Federal Reserve are not encouraging.
It's true that the Fed's success in reducing inflation has been the equivalent of a major tax cut.
It is true that there are no signs yet of higher inflation, but leading indicators suggest the need for caution.
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While inflation has receded, their insights hold true today--principally that taxes and regulations are embedded in the prices of the products and services we buy.
For true equality, wages could also be adjusted for the inflation of high cost-of-living areas compared to low ones.
Indeed, this is almost true by definition as rents are by far the largest component of core inflation.
True, small nominal pay rises will still give a real pay increase if inflation is lower.
Officially, the Iranian government has said that national inflation stands at some 25 percent, but informed estimates suggest the true rate could be as much as double that figure.
It may be true that, in the long term, it is impossible to reduce unemployment by tolerating high inflation, that the power to make such a choice is illusory, and that nothing is lost by giving it up.
It's true and important to note that many working households will see that gain offset, in reality, by the below inflation rise in tax credits.
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