Inflation is a term more than just a number and it is being represented in various ways on the news. It is the power that does its thing to everything from sunrise to sunset. In 2024, the persistent rise in prices is not just a mild inconvenience but a significant economic challenge. As we grapple with this issue, it's important to explore the strategies and insights that can help us tackle stubborn inflation effectively. Understanding Stubborn Inflation Inflation means a situation when the average price of goods and services is increasing. While some inflation is normal and even necessary for economic growth, stubborn inflation poses a unique challenge. This type of inflation persists despite the usual measures to control it, often due to structural issues within the economy. Inflation categorization is comprised of two main parts, core and non-core inflation. Core inflation excludes volatile items such as food and fuel, focusing on more stable prices like those for education, hea...