I’m embarrassed for my country.

Agreed.

He’s quoting from Table 1. Third section:

August core rate increase - 0.35%
September core rate increase- 0.23%

A reduction in core inflation rate of 0.12%

It takes a bit to collect all the data, so reported data is generally a few cycles behind.

Trade Economics is generally a good source for economic rates; a lot of global data so can be overwhelming, like statistics in general.

Same for Walmart Thanksgiving cost Y/Y. It’s true that their 2025 consumer cost is down 25% from 2024.

However, Walmart changed their Thanksgiving menu - fewer items and fewer branded items.

That’s how they got their 25% reduction in consumer cost!

Rates are generally measured month/month unless it’s stated Q/Q or Y/Y. Not sure which economic group generated this number, but it is generally accepted.

Inflation is still around 3%.

So Johnson isn’t lying, he is being deceitful.

He said core inflation is not up (it’s actually down 0.1% in September 2025).

Core inflation doesn’t include food or energy pricing.

He’s counting on his base not understanding the difference between core inflation and headline inflation.

Aaron, you missed a chance to educate on the difference between core inflation and headline inflation.

Core inflation excludes food and energy pricing. Headline inflation, what most people equate with the generic term (inflation), does.

Core inflation was down 0.1% in September 2025.