No. of Recommendations: 1
Overall inflation eased to 2.4 percent in January from the same time last year. That was down from the previous 2.7 percent annual pace.
“Core” inflation, which filters out volatile food and energy prices, ticked down to 2.5 percent on a year-over-year basis. It last stood at 2.6 percent.
Refreshing. Initially Trump was positing 100% tariffs on nearly everything, which caused grave concern on inflation. But he tacos, so we're not that bad.
"Inflation rose significantly during the Biden administration due to a complex, global confluence of factors, primarily rooted in the aftermath of the COVID-19 pandemic, followed by supply chain disruptions, the war in Ukraine, and massive, bipartisan, pandemic-era fiscal stimulus."
So we don't know how to handle pandemics well over stimulated, and bird flu hitting eggs.
