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Inflation has seeped into our economy and taken over public discourse. And, though we are all obsessed with inflation and where it lies, it continues to confuse and infuriate us. Looking at price increases one way can show cooling, another way spells something more troubling. In short, it’s complicated.
On Tuesday, January’s Consumer Price Index report showed that prices were up 6.35% from the year before, the smallest year-over-year increase since 2021. Core inflation, stripped of volatile food and energy prices, increased just 5.6% from the year before. So everything’s good, right? Not necessarily. Inflation is not a single
