On Wednesday, Nobel Prize-winning economist Paul Krugman provided a brief analysis of the current economic landscape in the United States. Krugman asserted that the nation has experienced “remarkable disinflation.” According to him, the available data paints a compelling picture, suggesting that the “war on inflation has been pretty much won — without a recession.” Krugman emphasized that inflation turned out “to be transitory,” contrary to initial apprehensions.
Krugman Declares Victory — ‘Inflation Turns Out to Have Been Transitory After All’
On Wednesday, the U.S. Bureau of Labor Statistics (BLS) unveiled its eagerly anticipated Consumer Price Index (CPI) report, shedding light on the nation’s current inflation rate. The report revealed a notable surge in the CPI for all urban consumers, marking a 0.6% increase in August when adjusted for seasonal variations. This significant uptick followed a 0.2% rise in July, making it the most substantial month-to-month pri
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