When our inflation infeelings don’t match the CPI
Summary
The article discusses how people in America feel about inflation compared to official inflation measures, like the Consumer Price Index (CPI). Although inflation rates have slowed, many feel prices are still too high and worry about future increases. The piece explores why personal perceptions of inflation differ from official statistics.Key Facts
- Inflation recently reached its highest levels in decades for most Americans.
- Food prices have increased by almost 30% over the past five years.
- Currently, inflation rates have slowed, meaning prices aren't rising as quickly as before.
- Despite the slowdown, many people still feel anxious about potential future price increases.
- Personal perceptions of inflation often don't align with official measures like the Consumer Price Index (CPI).
- Economists study why these personal inflation feelings, or "infeelings," differ from official data.
- The article is presented as a podcast available on platforms like Apple Podcasts and Spotify.
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