The Inflation that Leaves and the Inflation that Stays
The shock of 2022 came from goods and has now passed. However, core inflation has not fallen below 3% for two years, and services are outpacing goods.
Tag: CPI
Inflation is Falling, Prices are Rising
Inflation fell from 12.1% to 3.4%. However, the price level has been rising since 2021 at an annual rate of 4.3%, compared with 2.3% during the euro era — a doubling in sixteen years rather than thirty.