By a surprise inflation one understands, actually however an available inflation not noticed by the restaurant subjects in the context of the political economy. This can be because of the fact that either no (reliable) statistics over the inflation development it are present and/or the restaurant subjects wrongly notice the inflation in their everyday life experiences. They are subject then to a monetary value illusion.

However such an monetary value illusion is mostly only from limited duration, since the restaurant subjects notice raising the price of the goods of the daily life with large probability after a certain time.

Articles in category "Surprise inflation"

We found here 24 articles.