Contrary to what the board jester claims............
https://reason.com/2023/03/14/inflation-isnt-going-away/
Prices continued their upwards climb in February, as core inflation rose by 0.5 percent—the highest monthly increase since September of last year.
Though Tuesday's consumer price index report was in line with expectations, the Department of Labor's data seemed once again to dash any hopes for a quick resolution to the inflation crisis that has strained Americans' wallets for the past year. The annualized inflation rate for February fell slightly to 6 percent, but the underlying numbers show that prices continue to grow at a stubbornly high rate.
In February, overall prices increased by 0.4 percent and so-called "core inflation" (which filters out more volatile categories like food and fuel prices) showed a monthly increase of 0.5 percent. Rent continues to be a primary driver of overall price increases, climbing another 0.8 percent in February and up 8.1 percent over the past 12 month
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.
https://reason.com/2023/03/14/inflation-isnt-going-away/
Prices continued their upwards climb in February, as core inflation rose by 0.5 percent—the highest monthly increase since September of last year.
Though Tuesday's consumer price index report was in line with expectations, the Department of Labor's data seemed once again to dash any hopes for a quick resolution to the inflation crisis that has strained Americans' wallets for the past year. The annualized inflation rate for February fell slightly to 6 percent, but the underlying numbers show that prices continue to grow at a stubbornly high rate.
In February, overall prices increased by 0.4 percent and so-called "core inflation" (which filters out more volatile categories like food and fuel prices) showed a monthly increase of 0.5 percent. Rent continues to be a primary driver of overall price increases, climbing another 0.8 percent in February and up 8.1 percent over the past 12 month
