The move from 9.1 to 8.6 is due to a single month of zero. People forget that 11/12th of the data for the yearly number already happened when they see the new

The move from 9.1 to 8.6 is due to a single month of zero. People forget that 11/12th of the data for the yearly number already happened when they see the new number each month. It’s not impossible that inflation is just 0% from here on out and yet it will still take a while for the yearly number to come down.