ble to achieve 4% inflation. Because for almost lebanon telegram data 25 years before that, inflation had been either high or very high. And no one could imagine that it could be any different. But inflation reached 4% by mid-2017. And for the next few years, annual price growth fluctuated between 2.2 and 5.3% per annum. This was a period of price stability, which also affected the inflation expectations of people and businesses. Just as monetary policy reduced inflation in 2015-17, it can do so now.
We remember the rise in prices, but not their decline
— True, there is a legitimate question here. What is considered inflation? There is an official price increase — from Rosstat. And there is a real price increase — according to our feelings in the stores we go to.
— I’ll say it right away. There is only real inflation. The kind that actually develops as a result of changes in millions and millions of prices for brian massey conversion scientist tens and hundreds of thousands of individual goods and services throughout our large country. Yes, the inflation people feel is systematically higher than the inflation officially calculated by Rosstat. In January, the inflation observed by citizens was 16.3% (according to surveys), while the official annual inflation was 7.4%.
For several reasons
Firstly, although sociologists ask respondents about price changes over the past 12 months, many intuitively compare prices with their level before the big jump that occurred in the spring of 2022. And then inflation jumped by 10% at one ao lists time. And this is almost exactly the difference that now exists between official and survey-observed inflation.
