Inflation, price levels, GDP, etc are not relevant to the overwhelming majority. Most people only care about having enough money to achieve their life goals. H

Inflation, price levels, GDP, etc are not relevant to the overwhelming majority. Most people only care about having enough money to achieve their life goals. Have a family, own a home, whatever. People are upset about inflation because costs went way up and salaries stagnated. Even though inflation is leveling off, many industries are experiencing layoffs, forgoing raises and promotions, etc. Costs (profits) have gone way up but the average income has not.