A lot of coverage of inflation (and also GDP growth) intentionally muddles & conflates change in rate of change (second derivative) vs. change in value (first derivative) vs. actual value (zeroeth/no derivative, actual thing being measured). Pundits basically pick one of these three values at random to support whatever position they're hawking and nobody bothers to think about what the difference is.
Lost count of how many people I've seen say something like "if inflation is down now why is everything still so expensive?"
A lot of coverage of inflation (and also GDP growth) intentionally muddles & conflates change in rate of change (second derivative) vs. change in value (first derivative) vs. actual value (zeroeth/no derivative, actual thing being measured). Pundits basically pick one of these three values at random to support whatever position they're hawking and nobody bothers to think about what the difference is.
Lost count of how many people I've seen say something like "if inflation is down now why is everything still so expensive?"