After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially a…
They provide the data with and without food/energy. Looks like as of Dec 23, including food and energy reduces cpi when compared against excluding it because energy prices have dropped.
https://www.bls.gov/cpi/
They provide the data with and without food/energy. Looks like as of Dec 23, including food and energy reduces cpi when compared against excluding it because energy prices have dropped.
And for context wages have not caught up the baked in inflation. Only the velocity of it. So prices are rising slower than wages.