April inflation report lower than expected.
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (6)
sorted by:
Your observation is what is called 'anecdotal'.
The inflation report is based on the CPI, Consumer Price Index, which is the average rate of price changes of consumer prices over a period of time.
They reported that the CPI was positive. This means that even though some prices may have dropped, most prices have gone up.
Any positive CPI is bad and cumulative.
Eggs used to $0.99 a dozen. Gas used to be $.025 gallon.
Current prices are reflective of decades of positive CPI.
I would only celebrate sharply negative CPI, anything else is like saying 'our food supply has less poison this year than it had last year'.