
2026-01-14 918词 晦涩
As usual, the details are more ambiguous than the headline number. Below is a chart of services inflation less energy and housing (housing is a lagging number in the CPI index, for reasons that are complex and by now wearyingly familiar) and of goods inflation less food and energy. Because these are month-over-month changes annualised, there is a gap for October and November, due to the October number going missing in the US government shutdown:
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