Quoted: “As we talk about inflation, I think sometimes we hear about the price of houses or the price of big things, but little stuff that really hurts low-income families,” said J. Michael Collins, a professor at the University of Wisconsin-Madison La Follette School of Public Affairs who studies consumer decision making. “If you think about an extra $2.50 for a gallon of gas or an extra dollar for a gallon of milk, those things just start to add up because you buy them so frequently.”
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