You can post it a hundred times if you like. Let me educate you on why it matters.
It doesn't change the fact that "the rate of inflation" rose 2.4 percent in March, and then 2.3 percent in April. 2.3 is always going to be less than 2.4 and what we are talking about is "the rate" of rise.
Inflation is always occurring over time for the most part. Cycles of deflation are rare. In a nutshell, year over year, for almost all of time-- things cost more today than they did before. That's economic fact. You name the category-- housing, food, education, cars, medicine (oops! Trump is fixing medicine costs and rolling this one back-- Yay Trumpy!).
But in general.... everything goes up over time. Sorry if this is simplistic, but I'm considering the audience.... and I'm going to try to explain this to you nice and slow.
So. -- if things are always going up and getting more expensive, that's called inflation. Over the last 20 years, it's average RATE of increase on an annual basis is right about where it sits today-- 2.29 percent. You have to understand that the "rate" is the rate of change. It is NOT the CPI (consumer price index) which is a fixed number. This is why my first response to you advised you to learn the difference between the CPI and Inflation RATE, lest you embarrass yourself as you are now doing. One is the
change in prices, the other is simply the
rate of change.
The Consumer Price Index (CPI) is a measure of the average change in prices paid by urban consumers for a basket of consumer goods and services. Inflation rate, on the other hand, is the percentage change in the CPI over a specific period, typically a year.
Maybe someone can remind me who was President waaaay back in 2021 and 2022.....
The year-over-year inflation rate was 7.0% at the end of 2021.
In 2022, inflation RATE hit 9.1% -- the highest RATE of increase since 1981 in the wake of the Jimmy Carter economy.
This might come as a shock-- but when the RATE of increase goes down-- that actually means inflation is retracting-- Why? Because we expect it to always be increasing--- so when it doesn't-- we say inflation is down, simply because it isn't rising as we expect it to as a natural function.