Philippe Moati, economist: “There are realities that the consumer price index cannot translate”

Published on November 19, 2024 at 05:39. / Modified on November 19, 2024 at 07:13.

Are current economic indicators no longer able to reflect the reality of households, or is citizens’ perception distorted? The question has arisen regularly in recent years.

Latest example: while the Biden administration’s economic record is rather good with low unemployment, solid growth and, after high inflation, wage growth now greater than the rise in prices, many Americans have a completely different feeling. Which contributed to the rejection of Democrat Kamala Harris at the polls.

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