If the question is “Is inflation getting worse” then the only meaningful way to talk about it is by the rate. Otherwise you’re just asking “Is the overall price of goods increasing”, to which the answer, barring another global financial crisis, is and always will be yes.
Now we have to have the “rate of inflation” vs “inflation” talk again.
If the question is “Is inflation getting worse” then the only meaningful way to talk about it is by the rate. Otherwise you’re just asking “Is the overall price of goods increasing”, to which the answer, barring another global financial crisis, is and always will be yes.