Even if you splurge on a foreign luxury product once a year, it can seem like a downgrade in standard of living. Perhaps especially so if your special occasion is impacted and meanwhile you’re not seeing any higher affordability of domestic goods.
I mean, my whole family got a kick out of spending much less than expected for a week while we were in Japan, even though the other 51 weeks this year we will be dealing with US inflation. Psychology around inflation is weird.
