Blog: Inflation's Rashomon Effect
Tariff inflation is in the eye of the beholder.

Inflation (CPI) was reported this week. CPI is closely watched to see if the tariffs imposed so far are flowing through to consumer prices. There seemed to be almost as many interpretations as there are different inflation indices. It reminded me of the 1950 movie, Rashomon, by the great Japanese director, Akira Kurosawa. In that movie the same event is recounted four times by four different individuals. The result is four different stories which have all the same chain of events, but different perspectives on what happened. The idea was so novel it is now referred to as the Rashomon Effect and has been used many times. A notable use was in Return of the Jedi.
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