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Do economists need to rethink how we measure inflation?

Economists are scratching their heads: The US economy looks good on paper, but Americans aren't feeling it. Why? It's the cost of borrowing money. Interest rates are up, making credit purchases pricier across the board.

This data visualisation shows the sharp rise in interest payments for mortgages and other loans (based on a chart I saw on Bloomberg yesterday).

The extra bucks Americans are paying on their car loans or credit cards aren't in the usual inflation metrics, but they're hitting wallets hard.

Is it time to rethink inflation measures? Back in 1983, the US dropped borrowing costs from the equation. But with today's rising rates, it might be time for a rethink.

Source: Eeagli

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• Everyone one is a winner this year in the US stock market

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