Chart of the Day: Inflation Is Down, Down, Down

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Sometimes it’s worth posting the same chart over and over in order to elbow it firmly into the public consciousness. So here’s the inflation chart again. This version comes via Matt O’Brien, and it covers four of the biggest economies in the world. The message is simple: inflation is down everywhere. There are blips from month to month, but ignore them. The big picture couldn’t be clearer.

Bottom line: Nobody knows what will happen in the long term, but for now we simply shouldn’t be worrying about inflation. We should be worrying about growth and unemployment. Inflation just isn’t a problem.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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