At the top line, inflation dropped across the board on a year-to-year basis, coming in below expectations. On a month-to-month basis, we saw either stability or declines. Looking at the individual components, we saw continued moderation in the most damaging areas, energy and food. Goods prices actually showed disinflation, and some of the weirder components (health insurance, in particular) did the same. Even housing, the remaining main inflation contributor, pulled back a bit. The improvement in the numbers was widespread, and that is a good signal inflation will continue to decline.
Softer Inflation Number a Win for Economy
Nov. 10, 2022