In this episode, we dive into the complex world of inflation, exploring how it's understood and felt differently on Wall Street versus Main Street. We break down key economic indicators like the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) index, and explain why Wall Street focuses on the rate of change in inflation. Meanwhile, we highlight how everyday Americans experience inflation through rising costs in groceries, travel, and small business operations—often feeling the squeeze even when official reports suggest improvement. We also examine the psychological toll of inflation, the contrasting perceptions between financial markets and consumers, and how these differences shape policy decisions. Finally, we touch on the broader economic concepts of stagflation and deflation, offering real-world context to these terms. Tune in for a clear, relatable look at inflation and its impact on all of us.