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How do the elevated prices of frequently purchased items, such as groceries, influence consumers' perceptions of inflation, as indicated by Dr. Malmendier's research? Additionally, what
How do the elevated prices of frequently purchased items, such as groceries, influence consumers' perceptions of inflation, as indicated by Dr. Malmendier's research? Additionally, what reasons does Dr. Malmendier provide for her optimism regarding the potential longevity of the effects of inflation on consumers, particularly in light of the rapid decline from the 9.1% peak observed in June 2022? 1
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