raving about the news. yes. 3% on an annual basis, as you pointed out, the lowest figure in quite some time. compare that to 9.1% last year, which was the peak of inflation. part of this is that, the base is very high. so we re seeing a lower figure now. on a month-over-month basis, the index rose 0.2%. we got help over the month from declines in airline fares. those prices went down. used cars, those prices went down. household furniture also going down. if you look at the chart here, this is the annual increase over the last few years. now we re at 3%. 9.1% a year ago was the peak. what a difference a year makes. let s look at some categories specifically. gas prices have really just come down quite a bit from last year, down 25% -26.5% to be clear. food prices still much higher. you re going to the grocery store and yofeel i don t know, things feel more expensive than
3%. the index increasing 3% on an annual basis. it that is better than expected and month-over-month prices increased 0.2%. that is better than expected. inflation a different story. core inflation, guys, when you strip away energy and food, it gives you a better sense of underlying inflation, that index increased 4.8%. so why is this happening? you you look at the chart, that is 1.1% in june of last year. comparing price levels now to then, you can understand that it is a smaller increase, right. so you see a lower figure now. also got some help in categories on a monthly basis airline fares, they went down, used cars, those prices went down and household furniture. on an annual basis, gasoline, remember last year when prices were $5 a gallon? gasoline prices have come down. food prices not so much. shelter prices not so much. what does this mean for the fed? when they meet in two tweaks to
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