Question: An article in the Wall Street Journal asks the question How can inflation below when everything is so expensive? The article also notes that the

An article in the Wall Street Journal asks the question "How can inflation below when everything is so expensive?" The article also notes that "the CPI shows that prices are the highest they've ever been." Is there a contradiction between a low inflation rate as measured by the CPI and the observations that prices are "the highest they've ever been" and everything is "so expensive"? Briefly explain.

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