There it is: core inflation right at 2017-2019 levels. This is preloaded - and look, it's right there!

This is after ~9 months of it being stuck around 5 percent. More, when we look under the hood, there's reasons to believe this may continue. Let's dive in. /1 pic.twitter.com/IK6ecbabja

— Mike Konczal (@mtkonczal) July 12, 2023