From the brink of hyperinflation panic, the narrative dramatically pivots to the specter of crippling deflation.

Costco reports inflation at zero, a significant drop from 6%+ just 9 months ago.

Very encouraging Costco update on inflation: basically at zero. Down across board. And the pace of decline is steep: Inflation at $COST was 6%+ only 9 months ago. $WMT $AMZN $TGT $KR $XLY $XLF $TLT pic.twitter.com/RP5QhItTSh

— Rahul Sharma (@Retail_Guru) December 15, 2023

Ah so now we're back from OMG inflation is going to kill us to OMG deflation is going to kill us. 🙄

— Rahul Sharma (@Retail_Guru) December 15, 2023