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Flat inflation print YOY. Nothing to be afraid of.
Apparel inflation near zero.
Food inflation no problem.
Medical services inflation surprisingly is in the target range.
Housing (shelter) is the issue. This is because of a well-documented and years-long housing shortage which started well before the situation a few years ago, and initiated by under building post-GFC.
Construction employment is red hot and likewise production of building materials. Re-shoring of manufacturing is real and is on fire.
Lemonade can always be made whenever lemons appear.
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