Retail inflation, as measured by the Shopper Worth Index (CPI), grew at 4.35% in September 2021. Between Might and September, inflation has come down by 195 foundation factors. One foundation level is one hundredth of a share level. Whereas that’s purpose for cheer, a disaggregated evaluation reveals that the precise inflation image is barely extra sophisticated than what the headline numbers recommend. Listed here are 4 charts which clarify this.