Talk about hearing what you want to hear. He is saying that there was a net inflation of 0% in July over June. The 8.5% is July 2022 over July 2021. So, yes, the month of July was at 0% for that month. It’s like comparing monthly Interest rate to APR.
Here is what your MSM says... this is NBC.... I just want to say a number too. Zero... Zero confidence in anything our fearless leader says....