Mean MoM % change in CPI-U from January to preceding July, 2016-2023: * 2016: 0.01 * 2017: 0.20 * 2018: 0.27 * 2019: 0.10 * 2020: 0.21 * 2021: 0.30 * 202

Mean MoM % change in CPI-U from January to preceding July, 2016-2023: * 2016: 0.01 * 2017: 0.20 * 2018: 0.27 * 2019: 0.10 * 2020: 0.21 * 2021: 0.30 * 2022: 0.61 * 2023: 0.27 Raw monthly data: https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_1mth https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_... I was skeptical that month-over-month CPI had come down to reasonable levels over a wider time window, but it is much lower than the same period a year ago, and close to recent historical norms outside that inflationary spike. I am eager to see Tuesday's numbers for February inflation.