Summary
Inflation rates have decreased since the pandemic's peak, but many Americans still feel that prices are high. The report explores why people’s perceptions of prices do not match the inflation data.
Key Facts
- Inflation has decreased since its highest point during the pandemic.
- Despite this decrease, many Americans continue to feel that prices are high.
- The report tries to understand why there is a gap between the official data and people's feelings about prices.
- People often experience "sticker shock," which means surprise at how much prices have gone up.
- The feeling of high prices can be due to various factors such as the cost of living and personal spending habits.