Bob Smith - Toot The Flute on Nostr: Inflation has not been receding over the past year, it's the Rate of Inflation that ...

Inflation has not been receding over the past year, it's the Rate of Inflation that has been receding. Inflation (the cost of goods and services) keeps increasing month after month.

We are still paying the much higher costs from earlier on, plus all of the cost increases since then!

https://www.zerohedge.com/markets/illusion-growth-how-inflation-skews-our-perception-stock-market