Prices jumped a lot when inflation was really rapid in 2021 and 2022. Now they aren't climbing as quickly, but people are left contending with the reality that rent, cheeseburgers, running shoes and daycare all cost more. Inflation is a pressure cooker, said Kyla Scanlon, who this week is releasing a book titled In This Economy?
The most common explanation for why people feel bad about the economy is simple. Prices jumped a lot when inflation was really rapid in 2021 and 2022. Now people are really dealing with the aftermath of that.
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