09-14-2022, 12:50 PM
Acer wrote:
Year over year numbers are going to take a long time to look good even when prices begin to steady. It's just the way math is.
True. Total CPI is now looking stabilized - essentially unchanged since June (295.328 then, 295.620 now) with the actual M/M increase in CPI in this report being 0.1%. That, annualized by itself would be ~1.2% Y/Y, but even if we keep that level of total CPI, the Y/Y numbers will still reflect the previous higher CPI for another 9 months or so til it progressively and finally comes down to that lower level.
But the core CPI was 0.6%; not so good. I would guess that this will be an outlier, but it needs to come down soon.