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![Noahpinion Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::281877818.png) Noah Smith 🐇 [@Noahpinion](/creator/twitter/Noahpinion) on x 355.5K followers
Created: 2025-07-15 16:22:11 UTC

"Raising a price via an explicit policy choice is not inflation" <-- Yes it is, prices going up is what inflation literally means. 

As for "relative price changes", cost-push inflation comes from a rise in the relative (marginal) cost of production inputs!


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**Related Topics**
[fed](/topic/fed)
[tariffs](/topic/tariffs)
[inflation](/topic/inflation)

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