From Investing.com: 2024-06-29 05:29:00

The Fed and economists report inflation is down to 3.3% from a high of 9% in 2022, but citizens still perceive inflation as rampant and are dissatisfied with high prices. Jerome Powell states economic sentiment is poor despite a low unemployment rate. Economists focus on growth rates to compare economic data, while citizens focus on absolute prices. The graph shows contrasting perceptions of inflation in new vehicle prices. Growth rates help policymakers like the Fed in decision-making, while consumers prioritize absolute prices. Prices are higher today, but so are wages, impacting purchasing power.



Read more at Investing.com: Why Economists and Citizens Have Different Inflation Realities