Matthew Yglesias @mattyglesias
On left, 12 months of CPI prints as levels. You can see it went up a lot for eleven months and was flat in July. On right, 12 months of inflation — rates of change. It was high for eleven months and zero (actually very slightly negative in July). There’s no trick here. https://t.co/d9QVNWVw2u — PolitiTweet.org