I simply cannot run in the winter because of this. It ruins my respiratory system for the rest of the day.
And I can't count the number of times I've had people insist it's all in my head because, they insist, it's only relative humidity that matters, and the relative humidity in the freezing air is still 70%. And they don't understand when I gently explain that the air gets heated by the time it makes it deep into your lungs, at which case the relative humidity has plummeted to something like 10%. And sure, your mucus membranes do their best to humidify that air a little, but when it's well below freezing they simply can't keep up at all. And it's not just your lungs but your throat and vocal cords too.