Diego Mamani, if you used the pre-Clinton era of CPI measurement, before they changed the definition of inputs to make inflation look lower than it really is, inflation has been at 7.5% over a year now. Chart. CPI, like the median, is another poorly understood number, because the media doesn’t adequately educate us.
Even with today’s measure, CPI shows inflation has been rising for 2 years. The economy is slowing, so inflation should be falling, not rising. Inflation will keep rising, because rents will keep going up as housing falls, and oil prices will probably reach $100 by the end of the year. This is mild stagflation, because inflation is only 7.5%, not 17%.
