Inflation cooled but prices hikes still exist

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ease off
Prices hikes eased off less than expected in January.
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(phrasal verb) = let up, become less strong
steepest
steep - steeper
Prices hikes let up still offered a hint of relief for Americans who have suffered through some of the steepest prices hikes in four decades.
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(adj) rising or falling quickly, not gradually
That marks a step back
CPI showed prices rose by 3.1% for 12 months ended in Jan, that marks a step back from December’s 3.4% rate and dramatic cooling from 6.4% increase seen in Jan/2023.
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đánh một dấu hiệu giảm
stubbornly
CPI rose by 0.3% in Jan, with stubbornly high shelter costs accounting for two-thirds of the gain, according to the BLS
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(adv) một cách bướng bỉnh
tumble
Tuesday’s CPI report showed that used car prices fell as expected in Jan, tumbling 3.4% on a monthly basis
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(verb) = decline, fall, drop
a ratchet effect
there’s also a ratchet effect: Once prices go up for that hair cut or vet visit, they don’t typically move back down.
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(noun) hiệu ứng nhảy cóc/gia tăng
vet visit
a ratchet effect: once prices go up for vet visit, they don’t typically move back down.
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(noun) đến thăm bác sỹ thú y
capture the data
The CPI’s measurement of shelter costs does come with a delay from timing in how BLS captures the data.
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(verb + noun): thu thập dữ liệu
implicit
the way that BLS captured the data is largely by measuring rental leases as well as the implicit rental value of owner-occupied properties.
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(adj) suggested without being directly expressed.
feel a whole heck of a lot better
Americans’ wage gains are outpacing the inflation, and people are feeling a whole heck of a lot better than they were about the economy.
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(n) feel more pleasure than
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