It’s actually relatively simple. Because when inflation got under control, prices didn’t go down. They just stopped going up so fast. We’re at the tail end o

It’s actually relatively simple. Because when inflation got under control, prices didn’t go down. They just stopped going up so fast. We’re at the tail end of the most significant period of inflation in the US since the 1970’s. While incomes are growing slowly and unemployment is low, the pain of inflation is still being felt. Until real incomes grow significantly, people are going to feel worse off than before the period of inflation.