Shawn Teigen: Don’t just read the headlines on inflation

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Shawn Teigen: Don’t just read the headlines on inflation
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“Mathematical realities should be recognized by Utahns and encourage behavior to be largely ‘business as usual,’” writes Shawn Teigen, president of the Utah Foundation.

This May 22, 2020, photo shows the Federal Reserve building in Washington.I implore you to avoid just reading the headlines. Instead, read the whole story.

Here is a better headline for you: “Consumer prices are perhaps the only thing that didn’t heat up in July.” Of course, everyone is likely going to be right some of the time. Still, I was going to be right because it was not a guess but simply a matter of math. Let’s pay attention to the math for July, as well.. However, that is still the second lowest rate in over two years. But the fact that annual inflation is up does not mean that inflation went up in July. In fact, it didn’t.

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