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

Production cost went up during Covid, high profits from limiting supply and raising prices. There are a lot of things the government doesn’t account for inflation. Food and grocery isn’t account for.
The cost of borrowing has increased substantially