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US inflation cooling as consumer prices rise moderately again (www.reuters.com)

submitted 1 year ago by nicetriangle@kbin.social to c/news@kbin.social

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Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

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[–] nicetriangle@kbin.social 12 points 1 year ago (1 children)

Whole lot of mixed messaging about the economy lately. I feel like they really cherry pick numbers sometimes. Groceries definitely don't feel cheaper to me, I don't give a shit how much a TV costs now.

[–] HubertManne@kbin.social 3 points 1 year ago (2 children)

yeah. swear I just saw an article on how inflation is not slowing as much as before the other day.

[–] nicetriangle@kbin.social 3 points 1 year ago

Yeah I swear every article I read contradicts the previous. Feels like a ton of mixed messages and BS

[–] BraveSirZaphod@kbin.social 1 points 1 year ago (1 children)

That was a shift from 0.2% to 0.3%, which still isn't nearly as bad as it was. Things fundamentally seem to be trending in a good direction.

[–] HubertManne@kbin.social 2 points 1 year ago

yeah but we are talking on a monthly basis.3.6 compared to 2.4 over a year if the one kept up from the other and the 2.4 is more target. Granted inflation generaly exludes many necessities so even in low inflation day to day essentials like food and energy can be high.