Sticker shock, a feeling as old as commerce itself, is no longer just an irksome, unexpectedly high bill. In the era of social media, overpaying for dinner is an invitation for anyone and everyone to publicly shake their fist over the health of the global economy.
You’re getting epicycles confused with long term trends. From your own source:
Also from your own source:
Yeah, that’s how CPI works. Not sure what point you think you’re making.
The CPI isn’t falling, so I’m not sure where you’re seeing a continuation: CPI for all items unchanged in October; shelter up
Rents are still up from the trough in February and we’d likely expect a similar pattern to happen next year assuming that the typical pattern holds. We’re still above that bottom from earlier this year and to say that a seasonal cooling off represents entry into a longer deflationary cycle is ludicrous. None of that even addresses (again from your own source):
Cool?