No, US inflation is not speeding up again
Posted on AllSides September 13th, 2023
From The Center
Sarah Silbiger (Reuters)
ANALYSIS
Whenever the annual Consumer Price Index (CPI) rises, there are always headlines about how inflation has increased. This may sound like the Federal Reserve’s efforts are being undone and that inflation is reaccelerating, but the 12-month average of the overall CPI measure doesn’t tell the whole story.
The CPI rose by 0.6% from July to August. From August 2022 to August 2023, it rose 3.7%. This is higher than the year-over-year reading of 3.2% that CPI registered for the 12 months ending in July 2023. The overall report was boosted...
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