Post #7337 by Lapsody on the US Policy board

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Paul Krugman @paulkrugman
I was too flip here. I've been using this particular measure for a while, so want to be consistent. But it has flaws (medical insurance too optimistic). But almost every measure now <3 percent. 1/
When you look at the whole distribution, we do seem quite close to prepandemic inflation 2/
https://twitter.com/paulkrugman/status/17127561336...
And PCE inflation, which doesn't share the same flaws, showing us closing in on 2 percent. E.g. 3/
https://twitter.com/paulkrugman/status/17127566044...
People have been reluctant to call this. But the data really want to tell us that inflation has very nearly normalized 4/

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