The Austrians have the cleanest way of dealing with the terminology. In economics, "Inflation" = expansion of the money supply. The predictable consequence of inflation is a higher price level, which is colloquially referred to as "Inflation" or "Price Inflation".
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The Austrians have the cleanest way of dealing with the terminology. In economics, "Inflation" = expansion of the money supply. The predictable consequence of inflation is a higher price level, which is colloquially referred to as "Inflation" or "Price Inflation".
ugh.
This is a hopeless rabbit-hole, really.