What is inflation and how is it calculated?

In the fourth episode, Paul Konijn from Eurostat and Prof Ludwig von Auer from the University of Trier talk with Jonathan Elliott about what exactly is inflation, how do we calculate it and how do countries respond to it.

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The Eurostat podcast series “Stats in a Wrap” looks at the world through the eyes of statistics. Its aim is to pick the most delicious morsels and striking flavours to provide insights into the unexpected, the quirky and downright peculiar perspectives that only the numbers can reveal.