Defining Inflation Down – WSJ

We’re sufficiently old to recollect a time—earlier this 12 months—when 5.3% consumer-price inflation was thought of excessive. Not. These days when worth rises hit that tempo, as they did in August, everybody’s purported to loosen up as a result of which means inflation is moderating.

Solely an economist or politician might attempt to outline inflation down this manner, and many will. The argument is that August’s price rise of 0.3% was a tad slower than the 0.5% in July and 0.9% in June. Core inflation, which excludes meals and gas that households really purchase, was extra contained at 0.1% in August, or 4% at an annual charge from 4.3% in July. The Federal Reserve’s inflation goal is 2%. | Defining Inflation Down – WSJ


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