The metrics most economists use for inflation often don't reflect the pain that lower income families feel. An alternative measure, called ALICE, is designed to provide a better measure of the effects on price movements on economically stressed households.
Wailin Wong is a Reporter/Co-host at The Indicator from Planet Money. She covers a range of topics within business and economics, including markets, inflation, cryptocurrency, and the Federal Reserve, with a particular focus on construction, real estate, and personal finance. Wailin's work has been featured in numerous outlets, including CapRadio, NPR, and various public radio stations across the country.