The latest inflation data could be a bit misleading to the untrained eye. But “don’t be fooled by the uptick,” said Julia Pollak, ZipRecruiter’s chief economist. “Inflation is slowing, and doing so across a broader range of goods and services.”
Headline inflation rose from 3% in June to 3.2% last month, the Bureau of Labor Statistics (BLS) reported Thursday. But the rise was partly caused by changing year-over-year comparisons, and monthly data showed inflationary pressures are stabilizing.
