Inflation Drops Most In 2 Years, but Not Everyone Is Buying It
The Breakdown
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The Economy Is Confusionsome and Ambiguous
US inflation eases to 5%, lowest in nearly two years. Twitter skeptics were out in four saying it's not real. Pomp writes the headline CPI number is down over the last 12 months, but it is up over the last one, three, and six months. Inflation has not been getting better. Joe Consorty wrote, the energy component of the CPI basket is in deflation for the first time since 2021.
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