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June CPI is up 5.4% YoY and 4.5% ex food and energy, so this doesn't even come close to covering that.
by boring_twenties 5y ago
June CPI is up 5.4% YoY and 4.5% ex food and energy, so this doesn't even come close to covering that.
- astrange 5y agoThat's reflation. Looking at YoY doesn't work when the previous year was an exceptional deflation.
- boring_twenties 5y agoWhat deflation? The previous year was +0.6% or +1.2%, excluding food and energy. https://www.bls.gov/news.release/archives/cpi_07142020.htm https://www.bls.gov/news.release/archives/cpi_07142020.htm