Consumers say they’re still paying too much

Shoppers in a store ahead of the Thanksgiving holiday in Chicago, Illinois. — Reuters

WASHINGTON: Inflation has cooled down from a year ago, but that’s failing to allay the pain of Americans who are still paying up at petrol pumps and grocery aisles.

As a result, there’s a growing disconnect between policymakers, who point to cooling inflation indicators as a sign of progress, and people who are struggling to make ends meet.