Disturbing story about my daughter's friend who went from a Trump hater to a Trump supporter

[Self Esteem]

31. That's the problem. Inflation is down but prices aren't.

We're likely never going back to pre-2021 prices again. It's like when everyone posts photos of how much a burger cost in the 70s. Yeah, you're never going to get a burger consistently for 75 cents again.

Inflation has cooled but the massive surge in prices between 2021 and 2023 are still being felt today.

And that's why people still perceive Inflation is high today, even if it's not - because of the increase in prices over the last four years.

We're now at a healthy Inflation rate (around 2%, which it's typically where a healthy economy will be).

But in 2021, the average inflation was 4.7%.

In 2022, it was 8%.

In 2023, it was 4.1%.

So, from 2021 to 2023, prices rose by nearly 17% (based on the yearly average).

With a healthy Inflation, prices would have rose only 6% comparatively (2+2+2).

And that's been what has frustrated a lot of voters. None of them seem to care about WHY inflation spiked like it did. Just that it did. And they want pre-2021 prices.

But even as inflation cools, beyond deflation (which would not be good and a sign of a recession), they're not going to get it. So, they're still trying to accept that everything is generally way more expensive than it was four years ago.