this post was submitted on 06 Sep 2023
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Welp. Interest rates are staying steady (at least) until the next announcement in October.

I don't feel like inflation has decreased. Housing is still exorbitant. But there haven't been mass layoffs, so we've got that going for us.

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[–] zephyreks@lemmy.ca 1 points 2 years ago (1 children)

Isn't M/M inflation down for everything except mortgage payments?

[–] sbv@sh.itjust.works 1 points 2 years ago

This is in response to the statement above:

Prices staying high is not inflation.

Prices for necessities are not just staying high. They are continuing to increase. Month over month increases may be trending down, but inflation for food is still over 8%.