Central banks do inflation rate targeting. So for them "inflation" is the speed of inflation.
Why do we not have price level targeting aka perfect price stability? (targeting the CPI index to always be at 100) Because we don't have negative interest rates.
A slow down in the rate of inflation is considered disinflation.
Why do we not have price level targeting aka perfect price stability? (targeting the CPI index to always be at 100) Because we don't have negative interest rates.
A slow down in the rate of inflation is considered disinflation.
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