Americans Are Having an Inflation ‘Aha’ Moment

The highest inflation in four decades became real for Matthew Rivera when he ordered a plate of chicken wings last month at a restaurant in the Catskill Mountains. He normally pays $8-10, and this time it was $20. The old, lower price was crossed out on the menu.

“ ‘Inflation,’ ” was the explanation from the waitress, he said. He ordered wings for his children but pledged not to do it again. “It wasn’t worth it.”

Inflation has been a fixture of news headlines for months, as prices ballooned for food, utilities and energy. Many people say the escalations are just now hitting home in their everyday lives. For some, it’s sticker shock while filling up at the pump. For others, it’s the higher price of their morning joe at

Starbucks,

or the cost of strawberries at the local grocery store.

More such moments are likely in the…

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