This chart tracks the month-by-month trend in overall and core consumer prices since the start of 2022. Fresh data for November was released this morning, with annual inflation cooling last month.

Consumer prices rose 2.8% in the 12 months through February, a slowdown from January's faster-than-expected 3% rate. This chart shows how prices and wages—a key driver of inflation—have moved since ...

Alas, all this excited messaging is just plain wrong. The fact is that the post-pandemic episode of “inflation” in the U.S. is now essentially over. The Fed’s 2% target has nearly been achieved. The ...