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But other types of inflation are rampant.
But if the two types of inflation diverge, as now, a narrow price index could send central bankers astray.
But dig beneath these headline figures and it starts to become clear why some types of inflation can be worse than others for different types of household.
Two types of inflation rates are considered: internal (company) inflation, and external (general economy) inflation.
Similar(56)
He and Shane A. Chalke, an expert on annuities, favor two types of inflation-protected Treasury securities that were created in 1997, TIPS and I bonds.
One type of inflation has already arrived.
All in all, then, the chancellor's right to say there's more than one type of inflation.
Now it's the wrong type of inflation, with the chancellor blaming bad borrowing figures on the type of price rises now hitting the UK economy.
The stuff of nightmares for central bankers is that this leads to a more pernicious type of inflation.
For consumers that all raises a basic question: what does it mean to say there's more than one type of inflation, and is this type good or a bad for my household bills?
This type of inflation is inevitable.
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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