Comment by onlyrealcuzzo

5% backward looking.

If you use the last 3 months and extrapolate forward - we're back down to ~2.5%.

If you use only the last month and extrapolate forward - we're at ~1.25%.

Housing costs are ~39% of the economy alone. If those aren't inflating - it's pretty hard for overall inflation to be super hot.

Unless rents & owner's equivalent rents start shooting up again, inflation isn't going back to 10%.