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Discover LudwigThe phrase "actual inflation" is correct and usable in written English.
It can be used when discussing the current rate of inflation as opposed to projected or expected rates.
Example: "The actual inflation rate for this year has exceeded economists' predictions."
Alternatives: "current inflation" or "real inflation rate".
Exact(60)
The logic is that actual inflation is quite volatile.
Interest-rate tightening can wait until actual inflation is seen in the data.
They have won credibility, anchoring inflation expectations so that movements in actual inflation are damped.
As we can clearly see, inflation expectations plunged in 2008, and actual inflation eventually followed.
Inflation phobia does not, it seems, require any actual inflation to persist.
As a result, high expected inflation leads to rapid cost escalation, which in turn leads to high actual inflation.
Unfortunately, inflation expectations may continue to decline over coming quarters, especially if actual inflation remains subdued or drops even further.
Also at risk, albeit less so, are those who receive increases that are at a lower rate than actual inflation.
But as conservatives stress, traditional inflation adjustments may overstate actual inflation because they fail to account adequately for quality improvements.
If actual inflation goes up, in other words, the rational forecast is simply that it will come down again.
In 2011, there were still no signs of actual inflation, but the economist Allan Meltzer nevertheless asserted, "Inflation is coming".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com