The Inflation Reduction Act became the Inflation Perpetuation Act.
The cumulative inflation (CPI) from Jan 2021 to December 2024 is 21.8%.
The cumulative core inflation (excluding food and energy) is even higher, at 23.5%.
Prices did not fall in December; CPI rose 0.4% and…— Daniel Lacalle (@dlacalle_IA) January 18, 2025