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Taking into account the different inflation rates in the two counties, the effective increase is closer to 12 percent.
Different inflation rates and accounting procedures can make it perilous to compare the profitability of banks in different countries.
But it is becoming increasingly clear that Europe's financial crisis cannot be overcome in a deflationary environment, so a different inflation outlook is necessary.
Because schools buy things that are different from typical consumer purchases (mostly, schools buy professional labor), a different inflation index is needed.
But according to the authors, this ratio exaggerates how far the poor have been left behind because it does not account for different inflation rates.
By around 2035, the gap will reach 1.5% of GDP (though your proposal to index benefits to a different inflation measure would trim that).
Similar(34)
Different inflations of variances and/or location shifts may increase the differences between the two phases.
"Commodities protect you from a different kind inflation than TIPS do," he said.
But the outlook for interest rates will be quite different if inflation is not America's biggest economic problem.
The point, he said, was to see if the universe could begin in a long-lived quasi-stable state "starkly different from inflation".
How long does it take to earn $1m in different countries?INFLATION may have ruined "How to marry a millionaire" as a good film title, but there is still something magical about $1m.
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