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That's.. Delusional. It's barely budged.



https://www.bls.gov/news.release/pdf/cpi.pdf

Note all the months since July 2022. It's good to read the source material rather than hyperventilating news articles.


Mean MoM % change in CPI-U from January to preceding July, 2016-2023:

* 2016: 0.01

* 2017: 0.20

* 2018: 0.27

* 2019: 0.10

* 2020: 0.21

* 2021: 0.30

* 2022: 0.61

* 2023: 0.27

Raw monthly data: https://data.bls.gov/timeseries/CUSR0000SA0&output_view=pct_...

I was skeptical that month-over-month CPI had come down to reasonable levels over a wider time window, but it is much lower than the same period a year ago, and close to recent historical norms outside that inflationary spike. I am eager to see Tuesday's numbers for February inflation.




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