A customer shops at a Trader Joe’s store on May 15, 2024, in Greenbrae, California. (Justin Sullivan/Getty Images) As the U.S. economy began recovering from coronavirus-related shortages and shutdowns, consumer prices surged faster than they had in more than four decades. Many Americans currently see inflation as one of the nation’s top problems. The government gauges inflation mainly by looking at the prices of a “market basket” of more than 200 goods and services and evaluating how they’ve changed over time. Several inflation measures are based on this price data, but the most widely cited is the Consumer Price Index…
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