"Inflation is down" is ridiculous spin. No, the rate of increase of inflation is down. Oh, and the last several years of insane inflation still happened. Nothing has changed or improved. Recently, I paid almost seven dollars for a single box of Raisin Bran from a large grocer.
>"Inflation is down" is ridiculous spin. No, the rate of increase of inflation is down.
I don't believe for a second you're actually confused. You know very well that "inflation is down" means the inflation rate is down. If inflation were actually down that would be called "deflation" and no one would be celebrating (except the goldbugs).
What news we have is objectively both a change and an improvement. Pretending otherwise is ridiculous. The inflation rate is way down by all metrics.
And it was never all that bad to start with. It never even hit 10%. Inflation was a problem but one modern governments run by adults are demonstrably capable of dealing with. The response didn't even cause a recession!
