In The Wall Street Journal’s latest poll of swing states, 74% of respondents said inflation has moved in the wrong direction in the past year.
This assessment, which holds across all seven states, is startling, sobering—and simply not true. I’m not stating an opinion. This isn’t something on which reasonable people can disagree. If hard economic data count for anything, we can say unambiguously that inflation has moved in the right direction in the past year.
In the 12 months through February, inflation, according to the century-old consumer-price index, was 3.2%, compared with 6% a year earlier. Use a slightly different time horizon, or a slightly different measure (such as the index the Federal Reserve prefers) and you get similar results. Take out food and energy—or for that matter look only at food and energy—and inflation is still down.
Yes, some individuals faced higher inflation (someone who bought a house, for instance) but, for the average person, inflation went down.
Yet the average person thinks it went up.
The Pravda is strong with this one....WSJ is carrying water for the dems and RINOs that spent us into this mess. They’re pissing down your back and telling you it’s raining.
The "average" person is talking about the price of goods vs their income when they think of inflation.
Inflation is inflation is inflation, so yeah, the rate your money is losing value slowed down some but it is still losing value.
LOL.....They better not ask my wife about how inflation has "improved" at the grocery store, she just might punch them out.
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