Onward & upward, but inflation is cooling when gains are traded against losses in semiconductor prices. The government only cares about what is going down to pay for rises elsewhere.

 

The government's favorite data point is the price of cell phone service.  That has always fallen & been able to offset every increase on the top end.  No-one remembers a time when plans were limited to 300 minutes/month or less.


When lions lived in the boom of 1997-2000, we didn't have price increases like this until the very end of it.  Prices were going down all the way until 1999.  The declining cost of internet access was offsetting all the increases in wages.




How ironic that rich animals live in tract houses while poor animals live in custom homes with no neighbors.









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