How Inflation Sparks Skewed Memories of Lower Prices | Your Money Briefing | WSJ

Although February’s inflation rate cooled to 6%, prices still continue to rise. That may cause people to harken back to the recent past when prices were significantly lower.

Host J.R. Whalen is joined by WSJ reporter Joe Pinsker and Georgetown University professor Francesco D’Acunto to discuss “price nostalgia,” and why we remember prices being lower than they actually were.

Photo: Brandon Bell/Getty Images

0:00 Some people have a cloudy memory of prices after inflation reading drops to 6%
0:38 The inflation rate trend since mid-pandemic
1:24 How the passage of time has played with people’s memory of prices
5:10 How often someone shops affects their pricing memory
6:37 How common it is to misremember life events outside of food prices

Your Money Briefing
WSJ’s personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

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