Economical has been a popular adjective used to describe economic matters for centuries. In recent years, however, its usage has been waning, as more and more people opt for the more modern term, “economic.” While economical is still used in some circles, it’s not nearly as popular as it once was. This has caused some to suggest that the term is becoming obsolete. Despite this, many people still prefer the connotations of “economical” to “economic” and will continue to use it for the foreseeable future.
Posts by category: Economics
April 2, 2023
Is 'economical' (the adjective meaning 'economic') still used?
March 14, 2023
What is CPI inflation?
CPI inflation is an economic measure that tracks the price of goods and services over time. It is an important economic indicator that reflects the overall health of the economy and helps to inform economic policy decisions. CPI inflation is calculated by looking at the average change in prices of a fixed basket of goods and services. This basket of goods and services is typically representative of the types of goods and services that are purchased by the average consumer. By tracking these changes in prices, CPI inflation allows governments to better understand the economic situation in their country and make informed policy decisions.