Raw Data: The US Inflation Rate Is Currently 1.5%

In case you’re curious, here are the latest measures of inflation in the United States:

CPI is the usual Consumer Price Index, the one you see reported in your newspaper every month. PCE is the Personal Consumption Expenditure price index, the one used by the Fed when they set monetary policy. It’s available only through December, but it’s likely that when we get the January number it will be pretty close to the CPI figure of 1.5 percent.

Both measures peaked last July and have been dropping ever since. In particular, the PCE index was above the Fed’s target of 2 percent for only a few months. It fell below the target in September and has stayed below it ever since.

Future inflation expectations have hovered between 2-2.5 percent for the past two years. The average of three different measures (the dashed line in the chart below) is currently a hair above 2 percent:

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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