Inflation, Part I: What it actually is - And what the ongoing discussion about it mostly overlooks[1] - Relevant economics

Oil prices are rising and inflation is on every front page. Central banks hesitate and someone always warns of the worst. Governments are spending money and the warnings are increasing. Then the cycle subsides. The same basic questions remain unanswered as before. What inflation actually is. Why they exist. Why central banks are so often wrong. And why we don’t want zero inflation. Part 2: https://relevante-oekonomik.com/2026/04/08/inflation-teil-ii-der-f