That’s quite an impressive chart!
But it misses the point: inflation has been trending down for over a year.
A cumulative CPI chart will ALWAYS show an upward trajectory barring an economic contraction. The direction of the chart is less important than the rate of incline, and since you’re obviously content to us usinflationcounter.com as a reliable reporter, then you should be in agreement with me that their 2.2% food inflation year-over-year is quite modest.
It misses nothing. ANd if you look closely, it puts the claim that “inflation has been trending down” in perspective (ie, reality).
After years of parabolic price increases a few months of merely average ones are effectively meaningless to anyone who has to buy stuff.
2021 - 4%
2022 - 10%
2023 - 6%
2024 - 2.3 so far
You reason in synch with the beaurocrats who push the press releases — decreasing increases is good news!
Most of us are still gonna pay upwards of 50 grand for new pickup truck — 400% the cost of my first one.
Most of us are gonny pay upwards of a half a million dollars for a starter home on a postage stamp lot in some subdivision — 55 times what my parents paid for the one I was born in.
Enjoy your stats, bro!