No. If you would look at the graph in the link you posted, you would see that 2020 is right before the huge spike in inflation. This sustained spike explains the current outrage over increased prices.
There was a two year spike. If you look at the graph in the link I posted, you would see that prices have been mostly going up as normal for almost two years now. When are people going to adjust to their mindset to the current prices?
To make people happy, I think it would take a return to a running average of 2%. This requires a temporary drop below 2%, perhaps even to 0 or negative. Otherwise, you’re just telling them to suck it up and embrace the new normal.
People are not goldfish with minds that reset every year. Per your own link, accumulative inflation is up 21.8% since 2020.
Are they goldfish with minds that reset every four years?
No. If you would look at the graph in the link you posted, you would see that 2020 is right before the huge spike in inflation. This sustained spike explains the current outrage over increased prices.
There was a two year spike. If you look at the graph in the link I posted, you would see that prices have been mostly going up as normal for almost two years now. When are people going to adjust to their mindset to the current prices?
To make people happy, I think it would take a return to a running average of 2%. This requires a temporary drop below 2%, perhaps even to 0 or negative. Otherwise, you’re just telling them to suck it up and embrace the new normal.