For some people who have financial stress their basket of goods is quite different than the CPI though. Eg if you're struggling to buy groceries, housing, etc they've gone up closer to 80% in the time span, that's going to feel pretty close to 100% in a fuzzy system like our minds (as opposed to statistics).
When someone used to get a burrito for $5 and it's now $9 that rounds to "double" in casual, non-pedantic, conversation.
I think I basically disagree with the notion that the sum of 20 years of inflation is driving current "bad vibes." I think it's mostly just that people experienced 10-15 years of near-zero inflation (for a significant fraction of people, this was their entire adult life) and then suddenly experienced 5-10% inflation for a year or two. It's the sudden shift from mostly stable prices that is bad for vibes (IMO). The past 20 years as a sliding window is actually a lower inflation period than most historical 20-year periods.
For some people who have financial stress their basket of goods is quite different than the CPI though. Eg if you're struggling to buy groceries, housing, etc they've gone up closer to 80% in the time span, that's going to feel pretty close to 100% in a fuzzy system like our minds (as opposed to statistics).
When someone used to get a burrito for $5 and it's now $9 that rounds to "double" in casual, non-pedantic, conversation.