(The Washington Post Staff) | By Alyssa Fowers, Chris Alcantara, Andrew Van Dam and Artur Galocha Inflation is a mind game. If Americans expect prices to rise rapidly, they act in ways that drive prices even higher, buying more and demanding steeper raises. But expectations about inflation don't always match the evidence. In this quiz, you'll see for yourself by estimating how the prices of 10 everyday items have changed over the past two years. Overall prices are up 6.1% since June 2019, but that isn't the case for every item. Inflation is typically measured annually, and many items have become more expensive in the past year. But annual comparisons are misleading right now. A year ago, the economy was reeling from a global pandemic, and the prices of many items had plummeted. Instead, we'll ask you about the prices of items in June 2019, a more typical year. See how well you know inflation. Take the quiz » More from The Post Go beyond breaking news Get 3 months of unlimited access for $1. | | | |
No comments:
Post a Comment