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Book of the week

“We should stop obsessing over inflation rates because it is so hard to measure them accurately”

The Inflation Myth and the Wonderful World of Deflation

Mark Mobius Wiley, £18.99

One of the most talked about of economic statistics is the rate of inflation, which measures the, noted investor Mark Mobius argues that we should stop obsessing over inflation rates because it is so hard to measure them accurately. Indeed, he thinks that the main measure of inflation is so flawed that true prices might actually be falling.

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