What is inflation? How is it measured? CPI? Core inflation? How is inflation different from the price level. What is hyperinflation? Is the United States going to experience hyperinflation?

 Inflation/Transitory Inflation
As finance and economics students, you have heard in the news that inflation is on the rise. Take a look at the news article that is attached. The disagreement has to do with whether the inflation is permanent or short-term . In crafting your answers, consider the following crucial theoretical issues .

What is inflation? How is it measured? CPI? Core inflation? How is inflation different from the price level. What is hyperinflation? Is the United States going to experience hyperinflation?