Third straight hike and core CPI is going up at more than half a percentage point monthly. CPI numbers, as reported, are very misleading. Nominally, it looks l

Third straight hike and core CPI is going up at more than half a percentage point monthly. CPI numbers, as reported, are very misleading. Nominally, it looks like its slowing down or plateauing (from 9% to 8.5%), but that's because the headlines always report the YoY number. The base effect is going to skew this towards a "inflation slowing down" narrative anyway. The MoM figures are far more relevant and they're not looking good at all, especially since its now moving towards the sticky kind of inflation (services, rent).