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Not all price increases are equal; pandemic-era outliers drove inflation spike

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  • Braden Strackman
  • Mark A. Wynne

Abstract

Many individual price changes make up widely used gauges of inflation. Their relative importance changes over time and may affect how consumers perceive inflation. Such perceptions can prompt households to update their inflation expectations, decreasing optimism about real economic activity.

Suggested Citation

  • Braden Strackman & Mark A. Wynne, 2024. "Not all price increases are equal; pandemic-era outliers drove inflation spike," Dallas Fed Economics 98443, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:d00001:98443
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    File URL: https://www.dallasfed.org/research/economics/2024/0618
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