Cookie Inflation and The End of Quantitative Easing

"The term "cookie inflation" is one I coined in order to show that it makes no sense to use such terms as food inflation, because you can then keep on subdividing the word inflation until you're left with things that represent no meaning. If your town's favorite cookie baker goes on holidays, the price for his cookies may go up, but that is not inflation. It’s scarcity. There's no such thing as cookie inflation, and we all know it. But all that we will get back to once again later"