“Everything feels more expensive.”
I’d be a very wealthy guy if I earned a buck every time I heard someone say that in the grocery store this year. And yet, if we take government data at face value, inflation has indeed fallen from its 40-year peak of 9.1 percent two years ago to 3.4 percent now.
This data is hard to square for anyone who shops for eggs, coffee, meat, and orange juice–all of which do in fact cost more today than before the pandemic.
