The Price Level as described by wikipedia... "A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some base set. Typically, a price level is approximated with a price index."
Everyone knows that increased prices is the driver of inflation. If inflation increases, up up up goes interest rates.
Interesting read below, it seems that there are some worries on both sides of the political spectrum.
