CPI inflation rose 2.3% in August:
This is up a bit from July but still well controlled. It should cause no problems for the Fed.
On a conventional year-over-year basis, headline inflation was up 2.5% and core inflation was up 3.2%.
The inflation rate for groceries has been under 1% since the beginning of the year. Grocery prices have risen a grand total of 1.2% since January 2023 and 0.9% over the past year:
doesn't matter
after WWIII the immigrant hordes are gonna rape our dogs, eat all the cats, then leave us to starve
The middle class is pissed about prices at the store, not inflation rates. Trump was too busy ranting to pick up on it, but citing declining inflation figures will not fool JD Vance when ’he goes after Walz on the economy.
Dems need to tell em what they NEED to hear. Waltz needs to confess lower inflation rates are good, but will NOT lower "prices". Now if he wants to pivot he can quote most economists saying only the unemployment of x million workers would actually lower prices. Then yield the rest of his time if moderators will force JD to offer the GOP's plan for lowering prices without mass unemployment. Ask him if it isn't probably right next to the GOP plan to replace AHC
Short version- We wanted “Too Big to Fail” to capitalism, we got it!
My favorite staple is chicken thigh and it is routinely now available on sale for $1-2 per pound less than before.
Inflation rose X% or inflation rose to X% ?
Right. For someone who is obviously numerate, Kevin messes that one up surprising often. Prices rose 2.5%, inflation rose to 2.5%.
It matters, because so many people think that bringing down inflation means bringing prices back to where they were in 2022 (or whenever), which ain't gonna happen.
Likewise for those who complain about "expensive prices" or are looking for "cheap prices." Prices are high or low, not expensive or inexpensive. The only time you can talk about expensive prices is if you own a business and are ordering price tags for your shelves.