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IPFS News Link • Economy - Economics USA

Ready For Some Funflation!

• by Robert Aro

One might assume terms such as transitory, creeping, galloping, and entrenched inflation, along with shrinkflation and foodflation, would suffice. Nonetheless, we can now include "funflation" to the array of consequences resulting from the expansion of the supply of money and credit, also called inflation.

Funflation is characterized as:

…a term used by economists to explain the increasing price tags of live events as consumers hanker for the experiences they lost during the pandemic.

The economists who coined this term remain unmentioned.

In the October Consumer Price Inflation (CPI) reading of 3.2%, sporting events experienced the most significant increase among the few hundred categories comprising the index. One economist from the College of the Holy Cross attempted to explain the reason:

People are getting back to things that they enjoy doing and are willing to pay a bunch.

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