You’re not imagining it — many items are more expensive than they used to be. Some by a little, others by a lot. The United States isn’t in runaway inflation territory right now, but we’re definitely seeing some unusually pricey consumer goods.
If you haven’t noticed it in your day-to-day life, you’ve at least seen it in the headlines: From flights to lumber to chicken wings, prices are higher for many goods and services across the economy. Some people are pointing to these and other price increases as signs that worrisome inflation is on the horizon, arguing that the situation could soon rival what happened in the United States in the 1970s — a period of “stagflation” when the US saw high inflation coupled with slow economic growth and high unemployment.
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