Raw Data: Inflation Has Been Running at 0% All Year

I mentioned inflation in the previous post, but it’s worth pointing out something that hasn’t gotten a ton of attention: since the beginning of 2017, inflation has been dead flat:

Some of this is due to declining oil prices, but even the core indexes (which exclude food and energy) are running at an annual rate of only 0.8 percent. This is yet another sign that the economy has been so-so over the past few months. Wage growth is modest and there’s no inflationary pressure at all.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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