The government claims inflation has decreased to about 2.7%. President Trump even described inflation as being defeated, in terms of actual numbers, prices are rising slower than they were when they reached the highest inflation rate of 9.1% in 2022.
Take a look at this video and the creator is right, the people behind him don't look like they believe a thing of what he just said.
The problem with numbers from the government and real life of the people is just because the rate of inflation has decreased does not mean everything has decreased in price. It just means that you can only see a smaller increase than before. Take the homeowners for example, they now have to spend about 20% to 25% more money than before to get the same amount of things like groceries each month. So you may have originally spent 5,000, but now you’re spending about 62,000 per month. Just because the inflation rate for the year has decreased, does not mean your grocery bill will decrease.
While gas prices have dropped slightly, grocery prices have continued to rise and are currently more than 28% over pre COVID levels. Utility bills have climbed in many areas and car insurance premiums were also increasing. Most workers have had about a 3% increase in wages so they are just working to keep up with all their bills.
The government can celebrate the fact that inflation is declining, but regular people will continue to face inflated and likely always inflated prices on the things they buy. Maybe I'm not understanding how these all add up, either way, the data would suggest that inflation isn't what we see in our homes which is why under the comments section of almost every video that talks about inflation going down, the people are saying the opposite because real life is getting much harder and more expensive for them.
