Yes, inflation has gone down, says Menzie Chinn, a UW-Madison economics and public affairs professor. But there’s a catch. He said that, though the rate of prices going up has slowed, it doesn’t mean prices are coming down. “Prices are flattening out,” Chinn said. “They are not going up as fast as they were, but they are still going up.”
J. Michael Collins, UW-Madison professor at La Follette School of Public Affairs and School of Human Ecology, said inflation hits people differently across the state, with one in four saying they’ve had trouble meeting expenses, especially rent, which can be a third to half of a person’s income.