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Blue0x @programming.dev
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Monthly US consumer prices post first drop in four years as inflation subsides
  • I could have sworn that this was the version I read, but they may have deleted it and posted a different article on the same topic.

    We did it, y’all! Get the Champagne on ice and gather the townsfolk because America hath slain the beast known as inflation. (Or, at least, it’s hit a turning point.)

    Huzzah! Maximum employment and price stability? Let’s party.

    But wait — what’s that I hear? Not the riotous cheers of American consumers dancing in the streets. Not a chorus of workers singing about the strongest labor market of their lifetimes, and no — I can’t even pick up on the sound of what I’m sure is an army of economists demanding sainthood for Jay Powell. Instead, the single best economic news of the past decade is but a murmur of chit-chat, barely audible against a clamor of politicos shouting about President Joe Biden’s age.

    https://finance.yahoo.com/news/might-just-missed-earth-shattering-095630768.html

  • Monthly US consumer prices post first drop in four years as inflation subsides
  • It’s because this is a manufactured inflation (imo) that companies have created by greedy price gouging.

    To imply that we should be rejoicing at the fact that companies are starting to drop prices slightly (even though the average person is struggling to afford GROCERIES) is quite frankly, disgusting.