True, though this is considered feeding into disinflation in the article, so it may not lead to ill effects of deflation.
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and drawing the Federal Reserve another step closer to cutting interest rates in September.
That’s kind of just how trends work. Economics indicators tend to lag, as it takes time for supply chains to adjust to conditions and changes.
Deflation is actually not a desirable thing anyway, so this isn’t actually necessarily a win. But I’ll take it anyway.
One month is not a “trend.”
It represents a break in the previous trend.
No, but the few years of inflation was. Now that trend is changing.
Or it’s noise.
True, though this is considered feeding into disinflation in the article, so it may not lead to ill effects of deflation.