Menu costs of inflation

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Written on Aug 20, 2021
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The part of the real cost of inflation due to the cost of revising prices. The extra costs due to inflation can be significant only for goods not subject to much short-term price variation in the absence of inflation.

Reference: Oxford Press Dictonary of Economics, 5th edt.


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James Knight

James Knight

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...