Post
Topic
Board Economics
Re: How does inflation start
by
beckspace
on 06/03/2014, 19:18:52 UTC
[...] A rise in the general price index is a symptom of inflation.  The cause of inflation, and therefore what inflation actually is, is the expansion of the monetary base in excess of the economic/population/general growth rate.  Take your pick.

In fact, inflation is the expansion of the monetary base, even if it's below the economic/population/general growth rate.