> Yet prices keep going up and inflation remains low. I’m struggling a bit with this. Isn’t “inflation” defined as the state where prices for the same good kee

> Yet prices keep going up and inflation remains low. I’m struggling a bit with this. Isn’t “inflation” defined as the state where prices for the same good keep going up? It seems to me you’re focused quite narrowly on currency inflation, which like you point out isn’t that much of a concern for the average American. What they care about is inflating prices of the things necessary for a decent living: food, housing, utilities, clothing, etc. “I have to do more work to afford the same things”. Colloquially, that’s the fear most people are referring to when they discuss “inflation”. Maybe people who have actually lived through inflationary spirals think of it differently though.