The Consumer Price Index (CPI) declined 0.1% over the previous month and increased just 3.0% over the prior year in June — a deceleration from May’s flat month-over-month increase and 3.3% annual gain in prices. Both measures beat economist expectations of a 0.1% monthly increase and a 3.1% annual gain.
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… Inflation falls in June for first time since 2020
This is, of course, wrong. Headline Inflation (CPI-U) went down in July and August of 2022 as well. And then went down again in November and December of 2022. It also went down in October, November, and December of 2023.
The actual numbers are here on the BLS website.
Better CPI-U data is here.
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That is huge they expected it to go up .1% so this is very good news.
Andy
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It is going to fall further. Rents are dropping.
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Thanks for the correction. I’m surprised that got by the Yahoo Finance fact checkers.
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“Senior Reporters” don’t need fact checkers.
Journalism is in a pretty sorry state these days. Articles are increasingly written by AI and designed to maximize length of time spent on the page. Whoever entered the inputs for the article didn’t understand that falling prices is different that falling inflation. It is unlikely an editor even looked at it.
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Whoever entered the inputs for the article didn’t understand that falling prices is different that falling inflation. It is unlikely an editor even looked at it.
Or maybe the editor didn’t know the difference either?
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Scion of “modern” editors:
d fb
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I was talking to Jerry Saltz till he put up a new project on 78 artists. I complained I was not among them. He pulled the plug on our conversations. He has a habit of blocking artists who talk to him.
I am not sure that art critics serve a purpose.
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