Prior was 4.3%August reading was +6.0%In the span of two months, this indicator has nearly been cut in half. Note that it's one-month annualized, so i
- Prior was 4.3%
- August reading was +6.0%
In the span of two months, this indicator has nearly been cut in half. Note that it’s one-month annualized, so it’s not like inflation is falling, it’s the pressures are declining. However for inflation to get back to target, this will need to run close to 2% for many months.
news.google.com