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k98killer
Styxhexenhammer666
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Comments by "k98killer" (@k98killer) on "The White House is Actually Trying to Gaslight and Claim There is 0% Inflation" video.
I don't think that Styx understands this well enough to properly analyze it.
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The Consumer Price Index dropped last month, not just the year-over-year rate. The index itself decreased. It takes a long time for the yoy rate to turn around and indicate that we had been experiencing deflation for months. It is a lagging indicator. The annualized month-over-month rate is a current indicator. Purchasing Managers' Index is a leading indicator.
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If you annualize the monthly change in CPI, we had outright deflation last month.
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