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afkinsider - 1 years ago

Closely Watched CPI Inflation Report Comes In Lower Than Expected, Economist Krugman Claims ‘Inflation Has Basically Been Defeated’

The closely monitored Consumer Price Index (CPI) inflation report for May 2024 came in lower than anticipated, prompting Nobel laureate economist Paul Krugman to declare that inflation has basically been defeated. The latest data from the U.S. Labor Department revealed that consumer prices remained flat in May, confounding economists who had expected a slight increase. [ ] The post Closely Watched CPI Inflation Report Comes In Lower Than Expected, Economist Krugman Claims Inflation Has Basically Been Defeated appeared first on Moguldom.


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