Inflation Sparks Skewed Memories of Lower Prices

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.

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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.

Learn more about your ad choices. Visit megaphone.fm/adchoices