Why is the inflation perceived by an individual higher than it is officially measured

By: Trademagazin editor Date: 2022. 05. 12. 11:30

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There are a number of psychological factors that explain why inflation perceived by an individual is higher than it is officially measured.

Perceived inflation may be higher than real

Official statistics give an accurate picture of the average price change in the economy as a whole, not subjective, individually perceived inflation, Quittner Péter, head of the Consumer Statistics Department of the Central Statistical Office (KSH), said in a statement issued by GKI on Thursday, according to which the population perceives twice as much as officially reported inflation. (MTI)