this post was submitted on 28 Nov 2023
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You're getting epicycles confused with long term trends. From your own source:
Also from your own source:
Yeah, that's how CPI works. Not sure what point you think you're making.
The CPI isn't falling, so I'm not sure where you're seeing a continuation: CPI for all items unchanged in October; shelter up
Rents are still up from the trough in February and we'd likely expect a similar pattern to happen next year assuming that the typical pattern holds. We're still above that bottom from earlier this year and to say that a seasonal cooling off represents entry into a longer deflationary cycle is ludicrous. None of that even addresses (again from your own source):
Cool?