Re:US annual inflation declines to 7.1% in November vs. 7.3%...
by dragonwriter on Tuesday December 13, 2022 @04:38PM
(#33976243)
> Remember that “declines” in this context just means that prices are going up slightly slower than they were before.
Also remember that this is a 12-month trailing figure that’s been falling for several months because monthly inflation has been low since Jul (it was actually 0.0 in July, with seasonable adjustments, and below 0.4% [4.9% annualized] every month since, with the November figure 0.1% [1.2% anuualized.])
> It doesn’t mean anything’s getting any cheaper.
Actually, it is a result of lots of things getting cheaper: energy (all the major components, both commodities and services), used cars and trucks, transportation, and medical care services.
Also remember that this is a 12-month trailing figure that’s been falling for several months because monthly inflation has been low since Jul (it was actually 0.0 in July, with seasonable adjustments, and below 0.4% [4.9% annualized] every month since, with the November figure 0.1% [1.2% anuualized.])
> It doesn’t mean anything’s getting any cheaper.
Actually, it is a result of lots of things getting cheaper: energy (all the major components, both commodities and services), used cars and trucks, transportation, and medical care services.