Exciting news today! The June inflation numbers are out. I won’t keep you in suspense: That’s pretty high! However, if you use Kevin’s Handy Inflation Calculator, which adjusts for base effects (that’s the dip in mid-2020) the real-world rate is more like 4.4%. And if you eliminate the distortion of used cars, the inflation rate … Continue reading Chart of the day: Inflation in June was 5.3%, 4.4%, or about 3%. Take your pick.