That some prices rise and some prices fall tells us once again that the impact of inflation is most of all one of distortion. Prices are not merely rising or falling in absolute terms, but are rising and falling with respect to each other. That goods prices are falling magnifies the degree to which service prices are rising. That energy prices are falling makes us more aware when food prices are rising. These distortions within consumer prices are the damage that inflation does to an economy.
Links And Sources
November Consumer Price Index Summary https://archive.ph/A3l8H
Headline and Core Inflation Month on Month: https://fred.stlouisfed.org/graph/?g=1C7md
Food Price Inflation Month on Month: https://fred.stlouisfed.org/graph/?g=1C7mS
Wall Street Equity Indices, Dec 10-11, 2024: https://invst.ly/17z24-
Energy Price Inflation Month On MOnth: https://fred.stlouisfed.org/graph/?g=1C7nF
November Crude Oil Futures: https://archive.ph/GGWnS
Energy Price Inflation Seasonal vs Unadjusted Data: https://fred.stlouisfed.org/graph/?g=1C7Bh https://fred.stlouisfed.org/graph/?g=1C7Bh
Commodities Futures: https://archive.ph/QUu7q
Durable Goods Inflation, Seasonal vs Unadjusted Data: https://fred.stlouisfed.org/graph/?g=1C7GK https://fred.stlouisfed.org/graph/?g=1C7Pu
Nondurable Goods Inflation, Seasonal vs Unadjusted Data: https://fred.stlouisfed.org/graph/?g=1C7Hl https://fred.stlouisfed.org/graph/?g=1C7PI
Food Price Inflation Seasonal vs Unadjusted Data: https://fred.stlouisfed.org/graph/?g=1C7Fm https://fred.stlouisfed.org/graph/?g=1C9Kw
Service Price Inflation Seasonal vs Unadjusted Data: https://fred.stlouisfed.org/graph/?g=1C7Hm
Unadjusted Headline and Core Inflation Year on Year: https://fred.stlouisfed.org/graph/?g=1C7Hm
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