Inflation

If policy is to have a significant impact on medical services inflation, and by extension aggregate inflation, it is not enough to only tackle costs in the public sector. Policy needs to ensure cost control in the private sector as well.

Most of the Personal Consumption Expenditures (PCE) inflation gauges are sourced from Consumer Price Index (CPI) data, but Producer Price Index (PPI) input data is of increasing relevance, import price index (IPI) data can prove occasionally relevant. There are also some high-leverage components that only come out on the days

Summary The post-pandemic period was marked by global forces that raised inflation across all developed economies. Dominant explanations of inflation should be of a similarly global character. Policy discussions that reckon with counterfactuals and explainable magnitudes must go beyond nation-specific policies and dynamics. While local policies always shape inflation outcomes

The 1990s saw an extended period of full employment, high growth, and low inflation. Part of this achievement was attributable to healthcare cost control efforts undertaken by both public- and private-sector actors.