The Two Economies of Post Pandemic America: Part 2 - Why It Feels Like Nothing ImprovedInflation, affordability, and the widening gap between economic data and daily life.The Last WireThe micro economy lives where people do
The micro economy is not a chart. It is a sequence of monthly decisions.
- Can I afford this apartment renewal?
- Why is my grocery bill still higher?
- Why does my raise not feel like a raise?
This is the economy voters experience.
And it is where the recovery looks far less complete.
While inflation slowed after peaking in 2022, many prices did not return to their prior baseline. They simply stopped rising as fast.
According to the
Bureau of Labor Statistics CPI dataPrices are still materially higher than in 2019 across core household categories.
What came back down, and what did notSome prices did retreat as supply chains normalized.
Meaningful recoveries
- Gasoline prices eased as energy markets stabilized
- Used car prices fell after extreme pandemic spikes
- Shipping costs collapsed from 2021 highs
But others remained stubborn.
Continue treading at The Last Wire