Surprise inflation

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Under a surprise inflation is understood within the context of economics perceiving one of the economic agents did not notice before, but actually present inflation .

Before the actual inflation present is noticed, it is called hidden inflation . This can be due to the fact that either no (credible) statistics are available on the development of inflation and / or that economic agents perceive inflation incorrectly in their everyday experiences. You are then subject to a monetary illusion .

However, such a monetary illusion is usually only of a limited duration, since the economic agents perceive the increase in the price of the goods of daily life with great probability after a certain time.

Individual evidence

1. ^ Clement, Reiner, Wiltrud Terlau, and Manfred Kiy. Applied Macroeconomics: Macroeconomics, Economic Policy and Sustainable Development with case studies. Vahlen, 2013. p. 434.