“On the same day that fresh inflation data showed that prices continued to cool down...”
Also the inflation rate does not include the price of fuel, up quite a bit, and groceries, also up. Oddly even though the government does not include them in official inflation rates, the lowly peasant notices gas and food prices rising right away.
Next they’ll be telling us the chocolate ration has been increased to 25 g.
wrong.
The headline number of +3.2% annual includes food and energy — it includes everything
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marketwatch.com
The numbers: U.S. consumer prices rose a mild 0.2% in July, but the rate of inflation rose for the first time in more than in a year in a sign it’s going to take a while to get the rise in the cost of living fully under control.
The yearly rate of inflation rose to 3.2% from to 3% in the prior month, the consumer price index showed. It was the first increase in 13 months.
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It’s up 3.2% from an already sky-high and white-hot pace of a year ago.
specifically, it’s up 3.2% from a year ago, up 12% from 2 years ago and up 18% from three years ago (the first year of the coronavirus)
They call a reduction in the rate of increase of inflation a “drop”.