🖤 Donations of all sizes power our public service journalism Give Now

Why year-over-year inflation changes aren’t a great indicator of today’s inflation

Aug 9, 2023
Year-over-year inflation figures grab a lot of attention when the Labor Department reports its monthly consumer price index. But those 12-month figures can gloss over the recent slowdown in inflation.
While year-over-year inflation can be helpful to filter out temporary changes that happen month-to-month, it can gloss over the recent slowdown in inflation.
Fredric J. Brown/AFP via Getty Images