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What is Public Perception of Inflation Biases about?

The document discusses public perception of inflation versus actual inflation as measured by the Consumer Price Index (CPI). While CPI inflation has remained low in Malaysia in recent years, public perceptions suggest cost of living has risen more significantly due to various biases. Measures of perceived inflation that account for biases, such as what items people frequently purchase and remember price increases for, have been higher than CPI inflation. Understanding differences between perceived and actua

Author

Lipsin Lee

Language

EN