The Yandle Report: Inflation vs. Higher Prices

And what's the difference?

With practically every business news story telling us to get ready for higher prices, whether it be for ready-to-eat cereal, our next bottle of booze, the used car we were thinking about buying, or the needed repair on the kitchen sink, we need to pause and think a bit before concluding that inflationary fires are now burning away the dollar’s purchasin…