Prices are Functionally Crippling

I’ll just leave this CPI chart from the St Louis Fed here for those who believe that “inflation is functionally over.”

Looks to me like we’ve been running at about 3% since August of 2022. They don’t seem to be able to get it back down to the 2% level of yore, but apparently it’s our fault for not understanding that 3% is just fine, and that we shouldn’t mind the fact that they permanently broke the backs of American consumers with the outrageous inflation rate of the first 18 months of Biden’s reign.

Lowering the inflation rate was an improvement, but consumers care about prices, not inflation rates. And the prices are too damn high.