Perhaps the clearest way to synthesize this is to look at changes in the price of eating at sit-down restaurants. This incorporates domestic wages, rents, groceries, equipment, and consumers’ willingness (and ability) to splurge. The good news is that price of dining out—which had been a harbinger of the durability of the 2021-2022 inflation spike, which I confess I did not fully appreciate at the time—is rising far more slowly now than then. The bad news is that annualized price increases are still 2-3 percentage points faster than before the pandemic. It is not obvious to me that this is a serious problem for policymakers. Inflation is not continuing to accelerate, but instead seems to be settling into the 4-5% range.
- Date Posted:
- May 16, 2023
When the researchers scanned his brain, they found high levels of the sticky protein complexes known as amyloid plaques, which are thought to kill neurons and cause dementia, as well as a protein called tau that accumulates as the disease progresses. The brain looked like that of a person with severe dementia, says study co-author Joseph Arboleda, an ophthalmologist at Harvard Medical School in Boston. But one small brain area called the entorhinal cortex, which coordinates skills such as memory and navigation, had low levels of tau. The study challenges the theory that Alzheimer’s disease is primarily driven by amyloid plaques, which are the targets of several drugs recently approved by the US Food and Drug Administration. The drugs effectively remove amyloid from the brain, but lead to only a moderate improvement in rates of cognitive decline.