Don’t let facts get in the way………
The annual inflation rate for 2024 was approximately 2.9%, while the rate for the 12 months ending in August 2025 was also 2.9%, indicating a slight slowdown from earlier in the year. While the overall inflation remained similar between the two periods, the sources of pressure have shifted, with 2025 inflation being more influenced by services other than housing and core goods, reversing the trend of 2024 where shelter costs were a primary driver.
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