 As CPI in the US slowed to 6.5% this month on a year over year basis, inflation is now proving much more (dare I say) transitory than many expected. All things being equal, inflation looks set to continue its slide this year meaning the entire period of rising prices since mid 2021 will have lasted just over 18 months. So much for the hyperinflation predicted by some analysts in the face of 'reckless' government spending and money printing.
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