How Montanans Perceive Inflation

A recent CardRates study shows that Montanans perceive inflation to be significantly higher than the actual rate, with residents feeling it’s around 6.4%, compared to the true inflation rate of 2.5%. This perception mirrors similar sentiments across the U.S., with Mainers feeling inflation the most acutely at 8.6%. Montanans say they consider inflation frequently in their spending, with nearly half thinking about it constantly, particularly as essential costs like groceries and utilities have risen notably.

The survey also explored how Montanans might adjust if inflation were to rise further: 38% would cut back on dining out and entertainment, while others would reduce travel and subscription services. The most common unplanned expenses in 2024 included groceries, utilities, and car repairs. However, optimism remains, with 48% of Montanans feeling confident in a brighter financial outlook for 2025. CardRates emphasizes the importance of gauging consumer sentiment, noting that it provides insight into real-world financial pressures that economic data alone may not capture.