Do they know which way is up?

 Inflation just keeps going down and down, they say.

Nonetheless…

The typical household spent $202 more in July than they did a year ago to buy the same goods and services, tweeted Moody's Analytics chief economist Mark Zandi. "And they spent $709 more (in July) than they did two years ago."

–USA Today

["Inflation going down" does not mean prices are going down. It means prices are going up more slowly.]