Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
Households were surveyed in the days immediately before and after the June release of the Consumer Price Index (CPI). The CPI release was associated with an 11 percentage point increase in the likelihood that a respondent heard news about inflation, with a larger increase for highly-numerate respondents. Inflation expectations only of highly-numerate respondents rose with the CPI release.