Transitory inflation occurs when the inflation rate rises temporarily. Inflation that moves above a steady rate for a short period and then reverts toward that steady rate is considered transitory.

I think that if we do see a large universal tariff hike, it would qualify as 'transitory inflation.' I follow a strict definition of relative price shifts: the overall price level/aggregate inflation ...

On the narrow point, Krugman may be correct. As the inflation rate has declined, we have not seen a spike in unemployment despite there often being an inverse relationship between the two in the short ...

As prices continue to increase, the word “inflation” is making news headlines, but what does it mean? Inflation, by definition, means that money buys less than it did previously. When inflation occurs ...

I’m tired of hearing that the current spike in inflation is “transitory” — not because I doubt the underlying economics of the claim, but because the ever-more-common usage is devaluing a precious ...