Median Price Changes: An Alternative Approach to Measuring Current Monetary Inflation
Price movements are the channel through which market information is transmitted. An increase in one price relative to others is the signal that directs resources and rations consumption. In other words, markets operate through the distribution of prices.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.
Suggested Citation
Bryan, Michael F., and Christopher Pike. 1991. “Median Price Changes: An Alternative Approach to Measuring Current Monetary Inflation.” Federal Reserve Bank of Cleveland, Economic Commentary 12/1/1991. https://doi.org/10.26509/frbc-ec-19911201
This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International
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