Thanks, although I see generally higher rises than 5% In Thailand YOY. But I think this thread was concerned with the U.S.
For 2022 in the United States: Food-at-home prices increased by 11.4 percent in 2022, more than three times the rate in 2021 (3.5 percent) and much faster than the 2.0-percent historical annual average from 2002 to 2021.
https://www.ers.usda.gov/data-products/chart-gallery/gallery/chart-detail/?chartId=105676
If you can show details of this variation across housing, fuel and food, that might help me to agree with the use of the "core" method. But to me it's just another fudge, used to produce smaller inflation numbers.
Oh no - it's another I failed to mention.
What you failed to mention is that the USD highs of 2022 and early 2023 came after the Fed finally realised that inflation was not "transitory", so aggressively hiked interest rates. Now these are hikes are slowing and are expected to stop, so the Dollar is retreating.
This is 2023 but we're only as far as April according to my calendar and the oil price is kicking up again, can't you at least wait until the end of the year?
What's working??? This article is a joke and shows a classic example of how present-day economic "data" are manipulated. If food, fuel and housing are removed from the equation, then of course the inflation numbers look better. However, this will not help real people in the real world paying real bills.
Inflation is not the same "world wide" Inflation in America is partly a product of U.S. Government policy, which at the moment includes on high spending and planned high taxation - this is fiscal policy so you are wrong - it is monetary policy that is normally expected to be run by central banks.