[Thetawaves]

Core inflation at 4% yoy is not gone.

[toss1]

Core was 5.2% (from report I heard). But it is a dead man walking; the ground has fallen out from underneath it. The two main drivers were post-pandemic-supply-chain-shock oscillations, and corporate monopolistic price-profit increases. The supply chain has largely normalized, shipping rates are collapsing, we're decoupling from China, etc.. And corp pricing power has reached it's limit as consumers start saying "nope, not buying it" and/or downshifting purchases.

[almog]

Core came at 5.3% YoY for May 2023 and 0.4% MoM.

It has been quite sticky, an seen little change compared on a 3 months annualized to May 2022 (5.3% vs 5.8%).

It might as well be a dead man walking, in the zombie apocalypse sense of the word.

Source: https://www.bls.gov/news.release/cpi.nr0.htm