Their purpose is propaganda. Anything produced that's not propaganda is there to support the propaganda.
Tone deaf articles like this make a mockery of people struggling to make ends meet.
(1) The measurement basket isn’t representative of real life and therefore “inflation” isn’t really 2%
(2) Even if we’re back at 2% “targets” we’re still dealing with the shock of +15% (minimum) price increases the last 3 years. We’re growing off of a much higher base.
Spare me the condescending explanation articles, WSJ. I might cancel my subscription if y’all keep this propaganda up.
https://www.wsj.com/economy/central-banking/inflation-2024-outlook-economy-98defce9
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