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

Inflation is how prices in general have gone up across the economy as a whole. Some things will go up far more than inflation, and some things will go up less.