Asymptosis

June CPI inflation: 2.2%

(Change in prices from previous month, annualized).

This breaking news provided as a public service because the news outlets don't report that headline news in their articles, much less in their headlines.

https://fred.stlouisfed.org/graph/?g=16YVZ

Consumer Price Index for All Urban Consumers: All Items in U.S. City Average*12 | FRED | St. Louis Fed

Graph and download economic data for Consumer Price Index for All Urban Consumers: All Items in U.S. City Average*12 from Jan 1947 to Jun 2023 about headline figure, average, all items, urban, consumer, CPI, inflation, price index, indexes, price, USA, chained, PCE, consumption expenditures, consumption, personal, final demand, and PPI.

Jul 12, 2023 at 2:56pmWeb
Show threadPJROJul 12, 2023
@SteveRoth The inflation rate for the past 12 months has fluctuated around 3 percent (annualized) with, I think, no discernible trend in any direction. The real story is that we appear to have a new normal that has existed for a year, not that inflation has been gradually declining (as reporters keep insisting).