Raw Data: Inflation Is Going Down, Down, Down


Via the Wall Street Journal, here’s how inflation has been doing over the past year. Long story short, it’s been declining steadily since the end of 2012 and is now running at about a 1 percent annual rate. Bottom line: we should be worried about unemployment, not inflation. Until the labor market gets tighter, inflation just isn’t likely to be any kind of serious problem.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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