134 sats \ 2 replies \ @kr OP 13 Jul 2022 \ parent \ on: Consumer Price Index Hits 9.1% bitcoin
One counter argument seems to be that oil prices are down in the last few weeks, but haven’t been fully captured by decreasing gas costs. Perhaps that will be seen in next month’s numbers.
Other than that, I don’t know how much good news there is for consumers. I keep thinking the next inflation number will be lower, and I keep getting it wrong.
That's a good point. Energy is quite volatile and has a ripple effect through the economy
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I'd call it domino effect.
Some parts of it are also pretty irreversible.
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