U.S. inflation falls to 2.4%, YoY and MoM annualised

Reminder: unless you acheive negative inflation, prices only increase over time because the inflation metric is a positive number. Thsi goes for the price gouging as well, it generally follows the same rules despite the artificiality.

Is "falls to" the correct interpretation here?

It's higher-than-expected.

> Is "falls to" the correct interpretation here?

Y…yes? When a number is lower than it was before it fell? If I’m supposed to be flying at 10,000 feet and I go from 140 to 120, I fell even as I remain 2,000 feet above my target.

What was the expected value?

> What was the expected value?

2.3% was forecast and 2% is the target.

Thanks :-)

Groceries prices are higher again :/