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

Follow the money.

Those same companies are also seeing record profits. There’s inflation, there’s supply and demand, and then there’s straight up price gouging. The fact of the matter is, companies are going to set prices as high as they can get away with. And for many products, we’ve just become numb to paying higher prices for things post pandemic.