cross-posted from: https://lemmy.world/post/11260607
A growing number of Americans are ending up homeless as soaring rents in recent years squeeze their budgets.
According to a Jan. 25 report from Harvard’s Joint Center for Housing Studies, roughly 653,000 people reported experiencing homelessness in January of 2023, up roughly 12% from the same time a year prior and 48% from 2015. That marks the largest single-year increase in the country’s unhoused population on record, Harvard researchers said.
What you are describing is inflation going down. Things going back to pre-pandemic prices would be deflation. With the government targeting 2% inflation in an ideal situation, deflation is not going to happen.
The proper way to say it to avoid confusion is that inflation slowed.
Going down is a misleading term that makes it sound like it IS deflation, though.
“Slowing down” would be much more illustrative, or at least “decreasing”