3 ms·
Chart 1 lays it out. https://www.bls.gov/news.release/pdf/cpi.pdf https://www.bls.gov/news.release/pdf/cpi.pdf Inflation isn't increasing much in August - rel
by refurb 4y ago
Chart 1 lays it out.
https://www.bls.gov/news.release/pdf/cpi.pdf https://www.bls.gov/news.release/pdf/cpi.pdf
Inflation isn't increasing much in August - relatively to July, but July was still high.
That graph needs to go negative (a decrease in the inflation rate each month) for a long time before we get back to something "normal" like 2-3% inflation.
- colinmhayes 4y agoI think you're misreading the chart. My understanding is that 12 months of 0 means a year over year inflation rate of 0, not the same amount of inflation as the year before.
- ninkendo 4y agoCorrect, the chart is a rate of change in the CPI itself. 0 on the chart means the CPI hasn't changed, ie. no inflation that month.
- deleted 4y ago[deleted]
- scld 4y agoThat chart going negative would be deflation, not a decrease in inflation.
- refurb 4y agoThe chart is the first derivative of the inflation rate.