2018-073 (October 2018) and S. Tenreyro, “Understanding Inflation: Expectations and Reality” (speech given at the Ronald Tress Memorial Lecture, Birkbeck University of London, London, England, July 10, 2019).
2 One explanation for the higher perceived inflation during the pandemic containment period is that  households shifted their spending toward items that experienced higher price increases (e.g., food) and away from items that saw lower price increases or declining prices (e.g., gasoline).