we did it! we fixed inflation!

no.

However it did drop slightly yoy to 7.7%, slightly beating the expected 7.9% increase.

https://www.reuters.com/markets/us/us-consumer-prices-increase-less-than-expected-october-2022-11-10/

@comp_atkins: MOM is really what you want to avoid lagging indicators. .4 total and .3 core gives trends of 4.8 and 3.6 YOY, although I need to see it continue for a few months.

New rent rates indicate that it's likely to, though. So good news!

Here core inflation was 0.5 percentage points above expected for October, overall inflation was 1.5 percentage point above expectations. I hope it turns around here soon.

No big deal, if folks can't afford stuff due to inflation, we can just print some more money to give to them!

@appariti0n: Nah, the solution is obviously to vote red so we can again give trillions more in tax cuts to big business and the rich, then pass the bill for it all on to everyone else. Cuz that always works so well...

Now you're thinking!

Trickle down, which is almost always failure, will be a great idea during global inflation caused by a pandemic!

UK PM Liz Truss' 'trickle-down economics' is dead after U-turns (cnbc.com)

Oh wait.

no big deal, if folks can't afford stuff due to inflation, they'll stop buying it

Not only is the reported inflation around 8% and that is bad enough has average in a year is 2-3 but I think its really higher and we are being lied to because things just dont add up. When you hear how much things like used cars, gas, rent, etc have went up they are all above 8% so how is it really only 8% again?

Averages across a diverse basket of goods. It's a fairly simple concept that's fully transparent although there are some nuances in the figures (such as rents being a lagging indicator since it takes a full year, generally, for new rises or drops to be fully reflected - that's why you'll often see economists contrast the "new rents" figure with the generic "rents" figure).

Yeah I ask myself the same thing. Electricity dropped 99,9% over the last two weeks or so here. Yet inflation is close to 8%.