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Price levels actually did drop compared to June. If anything I bet people are more likely to interpret this incorrectly by believing that prices are still risi
by sacred_numbers 4y ago
Price levels actually did drop compared to June. If anything I bet people are more likely to interpret this incorrectly by believing that prices are still rising compared to last month, just at a lower rate. They are not, it's just that with a n indicator that compares current price levels to price levels a year ago it takes a while for the rate to come down, even if prices stay still or slightly decrease.
- s1artibartfast 4y agoDid prices actually drop or did they just go up more slowly? 8.5% is still a price increase
- doubleunplussed 4y ago8.5% is the year-on-year figure. The month-on-month figure was 0.0%, so prices neither grew nor fell on average in July.
- s1artibartfast 4y agoLooks like gas went down and other goods went up