The reported annual inflation rate of 3.4 percent in August 2026 may seem under control. However, a deeper examination shows that everyday living costs present more significant challenges.
In today’s discussions, “affordability” comes up frequently. But what does it genuinely mean?
The current inflation rate appears manageable, especially when compared to the peak of 9 percent during the pandemic period. Despite this, examining daily expenses closely reveals persistent concerns. Consumers are not only worried about the pace of price increases, but also the elevated prices they face after several inflation-hit years.