finance

Interesting since inflation is <3%.

What I think most people mean is ‘prices’ - and those are notoriously sticky.

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Just because PCE is 3% doesn’t mean prices are actually 3%, given how much got removed from that measure!!

I think people Are thinking about price Rises though & past 12m have been full of rises.
Will take a few months for people to clock that prices aren’t rising so much any more
 ofc the price level also matters