Inflation Fell to 1.9% in the Second Half of 2022 from 10.7% in the First
Alan Reynolds
In the first half of 2022, January to June, CPI inflation averaged 0.89% a month (nearly 1%). In the second half, the monthly changes averaged 0.16% (less than two‐tenth of one percent).
Just multiply the average monthly inflation rate times twelve to see that the annual rate of inflation slowed from 10.7% in the first half to 1.9% in the second.
Reducing inflation by 8.8 percentage points for half a year seems worthy of more attention. Instead, top Fed officials... Читать дальше...