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Topic	Isn't inflation going up much slower than it was in the past?
theAteam 07/20/23 11:50:39 AM #6:	It's going up slower in the sense that 5% inflation year-over-year is less than 8% year-over-year but it's still way above where they want it to be which is 2% yoy. The worst monthly increases were around May-June 2022 and so when calculating year-over-year numbers they dropped a bit because those big monthly increases from 12 months ago aren't in the equation anymore. It actually should creep up a little next month as that's just the way the numbers are turning out. We really won't know what direction things are trending towards for a few more months. Which is why it's very tough to control because any actions you take don't see the effects for months. --- Buffalo Bills <cite>theAteam posted [p:974956413] in Isn't infl... [t:80513906]...</cite> <quote>It's going up slower in the sense that 5% inflation year-over-year is less than 8% year-over-year but it's still way above where they want it to be which is 2% yoy.The worst monthly increases were around May-June 2022 and so when calculating year-over-year numbers they dropped a bit because those big monthly increases from 12 months ago aren't in the equation anymore. It actually should creep up a little next month as that's just the way the numbers are turning out.We really won't know what direction things are trending towards for a few more months. Which is why it's very tough to control because any actions you take don't see the effects for months. --- Buffalo Bills</quote> ... Copied to Clipboard!
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