Research probes US consumers’ dislike of inflation

People prefer inflation close to zero but may misunderstand the underlying processes, studies find

Planning-for-inflation

US consumers dislike rising prices but have strongly differing views about inflation’s driving forces, two recent research projects find.

One group of economists surveyed a nationally representative sample of US residents to ask what level of inflation people prefer. The average respondent estimates optimal inflation to be 0.2%, and more than 80% reported a figure lower than the Federal Reserve’s 2% target.

Hassan Afrouzi, Alexander Dietrich, Kristian Myrseth, Romanos Priftis and Raphael Schoenle

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