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The Economics vs. Reality Gap

Why Inflation Data Doesn't Match What You Feel

In this excerpt from my interview with Shailesh Kumar, Head of the Global Insights Center and Head of Economic and Geopolitical Risk at The Hartford, we explore a critical disconnect that affects everyone: why economic data and personal experience often tell different stories.

Key Points Covered:

  • Why economists say inflation has "normalized" at 2.4%

  • Why most people still feel prices are out of control

  • The lasting impact of COVID-era inflation on everyday costs

  • How a 35% price increase over a decade shapes consumer sentiment

  • Why both perspectives are actually correct

This conversation highlights why understanding risk and economic trends requires looking beyond just the headlines and data points to understand the human experience behind the numbers.

About the Guest: Shailesh Kumar leads The Hartford's Global Insights Center and specializes in economic and geopolitical risk analysis, helping major institutions navigate complex global trends.

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