BREAKING: The Great Inflation Lie Is Dead. Executed By A Single Number.

The entire narrative of "sticky," "persistent" inflation has been a statistical ghost. A phantom. And today, it was exorcised.

The data isn't just a "miss." It is an annihilation of a flawed paradigm.

· CPI YoY: 3.0% vs. 3.1% Expected.
· CORE CPI YoY: 3.0% vs. 3.1% Expected.
· CORE CPI MoM: 0.2% vs. 0.3% Expected.

THE AUTopsy OF A GHOST:

The "inflation crisis" was never broad-based. It was a shelter-shaped mirage.

- Of the 3.0% annual inflation, a dominant 2.09% (66%) was Core Services.
- And 60% of that—1.26 percentage points … was Shelter alone.
- Shelter constituted 42% of the entire headline CPI number.

The entire fortress of fear was built on a single, lagging component. And its walls are now crumbling. Shelter growth has slowed to its lowest pace in years.

THE NARRATIVE-SHATTERING TRUTH:

Where is the tariff inflation? .. Nowhere.
Where is the wage-price spiral? Nowhere.
The 1970s playbook is being burned by the cold, hard data of 2025.

The Fed's justification for hawkishness has just evaporated. The ‘last mile’ was an illusion created by a statistical lag.

This is the unimpeachable signal. The disinflation is structural, undeniable, and accelerating. The pivot from the most aggressive hiking cycle in history is now inevitable.

The world just watched the cornerstone of the post-pandemic economy crack. A new financial era begins at this very second.

The Great Inflation Scare is over.