Comment by joe_mamba

People might not be in denial, but too many are clueless/uninformed about inflation and its effect.

You'd be surprised how economically iterate average people are. I had highschool colleagues who couldn't calculate VAT/sales tax out of a price on the whiteboard.

Sure, people have heard of the word inflation, they know this word exists, but they won't be able to explain how it works and its effects throughout the economy.