The rate of inflation has come down in the last year or so but inflation is a part of life and monetary policy.
It’s important to understand that inflation may be a single number but it’s not that simple. It’s not something that affects everything the same way. (which makes sense, as it’s a calculation based on price changes)
Inflation is Not Created Equally [Money and More] – “What I’m about to unpack is: this 2% overall long-term inflation goal is not spread equally among all products and services. There’s a huge difference between the inflation rate for education, childcare, and medical services compared to electronics, clothing, transportation, and produce.”