History
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. This is the definition of "core inflation" most used for political purposes. Core inflation was also developed and advocated by Otto Eckstein, in (Eckstein 1981).
Read more about this topic: Core Inflation
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“The awareness that health is dependent upon habits that we control makes us the first generation in history that to a large extent determines its own destiny.”
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—Walter Bagehot (1826–1877)
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