> They asked the question, why are people mad at inflation if the traditional measures of inflation are low
It baffles me people are confused about this. Traditional measures of inflation leave out certain costs of living (and borrowing as the author mentions), however, just because inflation is low NOW does not mean the last 1-3 years of it are reversed. Wages are still fairly stagnant compared to inflation, so you can't just point to an inflation graph in 2024 and be like "why are the peasants angry about their bread prices?" yet this is such a common tone-deaf refrain.