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by sakopov
1400 days ago
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> and inflation already seems to be dying down anyway. I̶ ̶d̶o̶n̶'̶t̶ ̶k̶n̶o̶w̶ ̶i̶f̶ ̶I̶'̶m̶ ̶t̶h̶a̶t̶ ̶o̶p̶t̶i̶m̶i̶s̶t̶i̶c̶.̶ ̶I̶ ̶t̶h̶i̶n̶k̶ ̶i̶n̶f̶l̶a̶t̶i̶o̶n̶ ̶i̶s̶ ̶s̶t̶i̶l̶l̶ ̶8̶.̶5̶%̶ ̶m̶o̶n̶t̶h̶-̶t̶o̶-̶m̶o̶n̶t̶h̶ ̶a̶n̶d̶ ̶o̶n̶l̶y̶ ̶d̶o̶w̶n̶ ̶0̶.̶6̶%̶ ̶f̶r̶o̶m̶ ̶p̶r̶e̶v̶i̶o̶u̶s̶ ̶m̶o̶n̶t̶h̶.̶ ̶W̶e̶'̶d̶ ̶n̶e̶e̶d̶ ̶s̶e̶v̶e̶r̶a̶l̶ ̶m̶o̶n̶t̶h̶s̶ ̶o̶f̶ ̶d̶r̶o̶p̶s̶ ̶t̶o̶ ̶c̶o̶n̶c̶l̶u̶d̶e̶ ̶t̶h̶a̶t̶ ̶i̶n̶f̶l̶a̶t̶i̶o̶n̶ ̶i̶s̶ ̶e̶a̶s̶i̶n̶g̶.̶ ̶I̶ ̶p̶e̶r̶s̶o̶n̶a̶l̶l̶y̶ ̶d̶o̶n̶'̶t̶ ̶s̶e̶e̶ ̶a̶n̶y̶ ̶p̶r̶i̶c̶e̶ ̶d̶r̶o̶p̶s̶ ̶o̶n̶ ̶t̶h̶e̶ ̶t̶h̶i̶n̶g̶s̶ ̶I̶ ̶a̶c̶t̶u̶a̶l̶l̶y̶ ̶u̶s̶e̶ ̶-̶ ̶f̶o̶o̶d̶,̶ ̶g̶a̶s̶ ̶a̶n̶d̶ ̶h̶o̶u̶s̶i̶n̶g̶.̶ ̶A̶l̶l̶ ̶r̶e̶m̶a̶i̶n̶ ̶s̶i̶g̶n̶i̶f̶i̶c̶a̶n̶t̶l̶y̶ ̶e̶l̶e̶v̶a̶t̶e̶d̶ ̶i̶n̶ ̶c̶o̶m̶p̶a̶r̶i̶s̶o̶n̶ ̶t̶o̶ ̶a̶ ̶y̶e̶a̶r̶ ̶a̶g̶o̶.̶ |
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Your statement appears highly misleading, as if you don't understand the topic. Prices (in the U.S.) did not rise at all in July, so it's not clear what you could mean by "8.5% month-to-month" which, as stated, would be a spectacular and unprecedented rate. The month-over-month inflation in July was none. Prices rose 8.5% vs. year-ago.