CORE INFLATION Flattening Out 5.3% Bad JUJU!

May Core CPI: 5.3% down -0.3% since Jan. 2023 Flattening out.

Bad JUJU!

Compared to the US national deficit of $426 billion for the same period last year (Oct 2021 - May 2022), our national deficit has increased by $739 billion.

Current deficit $1,164,871,162,458 with 5 months left to go.

Keep printing "for the people's economy!" MMT style and keep wondering why core inflation is not falling and Real GDP is stagnant.

US Real GDP is at a current level of 20.25T, up from 20.18T last quarter and up from 19.92T one year ago. This is a change of 0.32% from last quarter and 1.62% from one year ago.

Comment:

Increases in inflation over last 3 years...
CPI Medical Care: +4.3%
CPI Apparel: +12.8%
US Wages: +14.8%
CPI Shelter: +17.0%
CPI Food at home: +20.0%
CPI Food away from home: +20.5%
CPI New Cars: +21.6%
CPI Electricity: +23.5%
Actual Rents: +23.8%
CPI Transportation: +26.7%
CPI Gas Utilities: +34.1%
CPI Gasoline: +34.1%
Actual Home Prices: +39.6%
CPI Used Cars: +42.1%
CPI Fuel Oil: +59.2%

Inflation growth coming down does not mean inflation is falling.
This really helps us understand that wages with the exception of apparel and medical care are not able to support all the increases in prices
It's just basic mathematics nothing complicated. Anyone can understand this fact.

So when I say core inflation is BAD JUJU it is. Bc people no longer have the ability to pay higher and higher prices as such year over year growth starts falling until we hit a recession.