While the July and August Consumer Price Index numbers show “inflation has stalled,” a Georgia expert warns that “we’re not out of the woods yet.”

On Tuesday, the U.S. Bureau of Labor Statistics announced that the CPI rose 0.1% in August and 8.3% year-over-year.

“There are warning signals, including worldwide drought and continued energy disruptions, that inflation is not yet tamed,” Erik Randolph, the Georgia Center for Opportunity’s (GCO) director of research, said in a statement. “Moreover, Federal Reserve policy is refusing to allow the price level to come back down, meaning that most households will continue to contend with higher prices and lagging income growth.”

Meanwhile, a National Federation of Independent Business survey found optimism has improved, but inflation remains a challenge for small businesses.

Minnesota saw the best change in unemployment, while the District of Columbia reported the worst change, according to WalletHub. Nationwide, 18 states have recovered all their jobs lost due to the COVID-19 pandemic.

Meanwhile, a Georgia non-profit is crediting Georgia’s response to the COVID-19 pandemic for its economic standing.

“While the White House is taking credit for the job recovery, the credit really belongs to just 18 states — and Georgia is among them,” Erik Randolph, director of research for the Georgia Center for Opportunity, said in a statement. “These states are the only ones who have recovered all their jobs lost to COVID-19 pandemic shutdowns.

(The Center Square) — President Joe Biden’s plan to forgive some federal student loan debt received a lukewarm reaction from some Georgia groups who say the policy is unfair and won’t help ease inflation.

“We’re disappointed to see yet another policy out of Washington that creates more problems than it solves,” Eric Cochling, the chief program officer and general counsel for the Georgia Center for Opportunity, said. “In addition to contributing to already runaway inflation, this plan from the White House doesn’t actually forgive debt, it simply transfers the burden to taxpayers.”