The Flawed CPI: The Fallacy Of Year-Over-Year Inflation Reporting
The CPI's year-over-year comparison distorts the true picture of inflation. Shorter averaging intervals show Fed's 2% inflation target has almost been reached.
Source: forbes.com
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New York Fed's Inflation Gauge Holds Steady At Over 2-Year Low: Is Threat In Rearview Mirror?
Federal Reserve Bank of New York revealed that the Multivariate Core Trend (MCT) inflation rate was 2.8% in July, holding steady at from a downwardly revised level in June. This figure was the lowest level since January 2021, further indicating that COVID-19 pandemic-related price pressures are fading.
Source: benzinga.com
US Inflation Eases to 6 Percent, Lowest Level Since September 2021
The U.S. annual inflation rate eased to 6 percent in February, down from 6.4 percent in January, according ...
Source: theepochtimes.com