this post was submitted on 11 Aug 2023
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US inflation cooling as consumer prices rise moderately again (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

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[โ€“] [email protected] 0 points 1 year ago (1 children)

We need a major deflationary event...

[โ€“] [email protected] 1 points 1 year ago

We had one. The inflationary environment we ended up in as a result of the US government's actions was considered preferable to a deflationary event.