When our inflation infeelings don’t match the CPI
15 August - 31 mins
Podcast Series
Planet Money
For most Americans, we just lived through the highest period of inflation in our lives. And we are reminded of this every time we go grocery shopping. All over TikTok, tons of people have posted videos of how little they got for … $20. $40. $100. Most upsetting to us: an $8 box of Cinnamon Toast Crunch.
Food prices are almost 30% higher than they were five years ago. It’s bad. And those new, higher prices aren’t going away.
At the same time, prices are no longer inflating at a wild pace. For the last two years, the rate of inflation has slowed way down. And yet, our fears or feelings that things will spiral out of control again? Those have not slowed down.
This mismatch has been giving us...
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