Originally Posted by Nantonaku

Okay, core inflation from the previous month was up only up .3%. And the June to July headline inflation was basically 0%. The 8.5% number is largely baked in from previous months, so their messaging is on purpose cherry picked but technically correct. If they want to declare victory they’ll have to wait another 8-10 months until the yearly CPI comes down. I agree, a month with prices remaining flat is a good thing. I don’t agree on their messaging.