The CPI and the Bellagies

CPI measures prices, not money printing. And I would say that depends on your timeframe. So if you're watching for that change, I wouldn't watch you every year. I'd watch month to month. That's what I remember in this was June of 2022, month over month CPI was 1.9%.That's a one month. If you annualize that month, you're a 24% or CPI. And what happened in July, it went to zero month over month. It just fell off a cliff. Something happened in June between June and July that made CPI go in this acceleration to zero.