Birdwatch Note Rating
2024-08-14 23:36:08 UTC - HELPFUL
Rated by Participant: AA21964BD679BF14C671E7849719B0E3E3640EF3738D1761B17A78BD43419D41
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Original Note:
NNN, the post is factual. The 2.9% is the measure of the CPI for July 2024 compared to July '23 & indicates how much prices have risen over 12 months. A negative year over year percentage would imply deflation, meaning aggregate prices are falling. https://www.brookings.edu/articles/how-does-the-government-measure-inflation/
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