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US CPI has moved down from a peak of 9.1% last June to 3.0% today. That's 12 months in a row of declines, but still not at the Fed's 2% target.
What's driving that decline? Lower rates of inflation in Fuel Oil, Gasoline, Gas Utilities, Used Cars, Medical Care, Apparel, New Cars, Food at Home, Electricity and Transportation.
@BrentSullivan @RealSeanBrodrick
> we may be looking at the end of capitalism", an economist warns
Don't threaten me with a good time, Boi.
@RealSeanBrodrick
Only a little bit less profiteering and we'll get there
"The end of Greedflation must surely come. Otherwise, we may be looking at the end of capitalism", an economist warns
https://fortune.com/2023/04/05/end-of-capitalism-inflation-greedflation-societe-generale-corporate-profits/