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In the 1970s, both inflation and expectations were highly volatile.
In 2013-14, water bills are rising by 3.5%, above both inflation and average pay rises.
The numbers are all pretax, and are adjusted for both inflation and seasonal changes.
But this week brought unseasonal gloom as both inflation and unemployment climbed.
* Both inflation and interest rates remain very low by historical standards.
Since then, declines in both inflation and its variability have helped to reduce such effects.
Venezuela has South America's highest rates of both inflation and murder.
Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information.
As we learned from previous episodes, rising energy prices could engender risks to both inflation and economic activity.
As an expatriate living in Hanoi, I am acutely affected by both inflation and the falling dollar.
A bolder option would be an explicit target for nominal GDP (which combines both inflation and output).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com