True, though this is considered disinflation in the article.
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and drawing the Federal Reserve another step closer to cutting interest rates in September.
That’s kind of just how trends work. Economics indicators tend to lag, as it takes time for supply chains to adjust to conditions and changes.
Deflation is actually not a desirable thing anyway, so this isn’t actually necessarily a win. But I’ll take it anyway.
One month is not a “trend.”
No, but the few years of inflation was. Now that trend is changing.
Or it’s noise.
It represents a break in the previous trend.
True, though this is considered disinflation in the article.