The numbers that came out yesterday did Indicate some relief, we’ll see if this is the beginning of a positive trend. I do think it is safe to say most higher prices are here to stay, it is just a question on if they have settled at this nouveau.
Today’s inflation report is the latest to confirm it: Prices for many items are rising at a more moderate pace, if not declining outright — an encouraging development for Americans whose budgets have been pummeled by soaring costs, Axios’ Courtenay Brown writes. The inflation problem, of course, is not entirely behind us. And while items including airfare became cheaper last month, that does not completely undo the rapid run-up in cost.
Axios Closer By Hope King and Nathan Bomey · Jan 12, 2023