Ignoring the obvious other factors, some recent examples in my life:
A brand name sink/faucet combo I bought in May increased in price from $259 to $349 in 6 months.
A car part I priced in late September increased from $98 to $109 in just over 30 days.
Calculate the average annual inflation rate for each, compare to the dem/leftist propaganda, weigh against interest rate hikes & printing money policies out of DC and get back to me if ‘negative’ is valid or not.
It should have been negative over a year ago and the so-called ‘inflation reduction’ bill (IRA) should NEVER have passed. Nor should the so-called ‘infrastructure’ (IIJA) bill.
Rather than observe the current rate if inflation, the curve should be integrated say from January 2020 to the present to indicate the actual economic calamity.
The monthly inflation is cumulative