How can inflation be only a few percentage points and yet many goods and services are up over 50% since 2019?

Question

How can inflation be only a few percentage points and yet many goods and services are up over 50% since 2019?

In: 187

Answer 1

50% in 3 years would be an annual 15% inflation rate. Also, some things will go up more than than and some less, so you can easily see “many goods and services going up more than 50%”. But on average the prices of everything are going up 15% each year.