Inflation is the rate of change. If inflation is positive prices are rising. Inflation can be declining (second derivative) but still positive.
Right now inflation over a 12 month period is higher than the historical norm of about 2%, but is falling. For individual months it’s been mostly normal levels.
Right now inflation over a 12 month period is higher than the historical norm of about 2%, but is falling. For individual months it’s been mostly normal levels.
Largely a nothing story.