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I can't believe this! For MONTHS I’ve been hearing how inflation was going to skyrocket, how everything was about to get WAY worse. Everyone was bracing for it, thinking the worst was still ahead, but now, out of nowhere, inflation drops?? What happened?? It's just lagging right????
https://www.newsweek.com/new-data-shows-inflation-rate-plummeting-2043395
Inflation Plummeting, New Data Shows
data suggests a notable deceleration in the U.S. inflation rate, potentially offering some relief to both consumers and policymakers.
According to Truflation, a blockchain-based provider of real-time economic data, inflation has slowed to around 1.3 percent, having dropped to below the 1.5 percent mark at the start of March. By Truflation's readings, these are the lowest levels inflation has reached since December 2020. It peaked at over 11.5 percent in June 2022.
Why It Matters
Trump's campaign placed a heavy emphasis on the state of the U.S. economy and in particular inflation, painting his predecessors policies as an accelerant and vowing to bring prices for American consumers down "on Day One." As a result, inflation has been framed a key touchstone evaluating the success of his economic agenda.
While inflation will need to slow further—reaching negative figures—for the price of goods and services to decline, significantly slowing inflation signals price stabilization, serving as a slight relief for concerned consumers and the Federal Reserve, which has been tasked with achieving a 2-percent inflation target.
What To Know
As outlined on its methodology page, Truflation's real-time inflation metric relies on market price data from more than 30 commercial and public sources, capturing 13 million price points for goods and services at any moment. This separates it from the commonly consulted consumer price index (CPI), released monthly by the Bureau of Labor Statistics (BLS), which relies on periodic surveys, though this allows time to both collect and verify data.
https://www.newsweek.com/new-data-shows-inflation-rate-plummeting-2043395
Inflation Plummeting, New Data Shows
data suggests a notable deceleration in the U.S. inflation rate, potentially offering some relief to both consumers and policymakers.
According to Truflation, a blockchain-based provider of real-time economic data, inflation has slowed to around 1.3 percent, having dropped to below the 1.5 percent mark at the start of March. By Truflation's readings, these are the lowest levels inflation has reached since December 2020. It peaked at over 11.5 percent in June 2022.
Why It Matters
Trump's campaign placed a heavy emphasis on the state of the U.S. economy and in particular inflation, painting his predecessors policies as an accelerant and vowing to bring prices for American consumers down "on Day One." As a result, inflation has been framed a key touchstone evaluating the success of his economic agenda.
While inflation will need to slow further—reaching negative figures—for the price of goods and services to decline, significantly slowing inflation signals price stabilization, serving as a slight relief for concerned consumers and the Federal Reserve, which has been tasked with achieving a 2-percent inflation target.
What To Know
As outlined on its methodology page, Truflation's real-time inflation metric relies on market price data from more than 30 commercial and public sources, capturing 13 million price points for goods and services at any moment. This separates it from the commonly consulted consumer price index (CPI), released monthly by the Bureau of Labor Statistics (BLS), which relies on periodic surveys, though this allows time to both collect and verify data.
