Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=jsteele][quote=Anonymous][quote=jsteele]Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.
[/quote]

Lol, again with the terrible takes  Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%.  (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing.  Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.[/quote]

Are you illiterate or unable to do basic math? I said, "inflation will likely be lower". Inflation in November was 0.8 and in December it was 0.5. You don't appear to understand that 0.5 is lower than 0.8. Hence, inflation was lower. I was correct.
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