Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
Perceived inflation is not the same as actual inflation as measured by the official inflation basket. Quite often you have a situation where day to day goods are increasing in prices (and thus driving perceived inflation), while more permanent expensive but rarely bought goods (TVs, cars etc.) are dropping in prices, so that on average the official inflation rate isn’t increasing that much.
Perceived inflation is not the same as actual inflation as measured by the official inflation basket. Quite often you have a situation where day to day goods are increasing in prices (and thus driving perceived inflation), while more permanent expensive but rarely bought goods (TVs, cars etc.) are dropping in prices, so that on average the official inflation rate isn’t increasing that much.