Nice job. I was beginning to think I was the only one who saw how low inflation was in the second half. Now there are two of us - that's almost viral.
My piece explains why I do not believe inflation will just spontaneously creep up in the next six months. On the contrary, the lagged rent data go from crazy to gradaually helpful and energy almost surely goes negative because oil was so high early 2022.
Nice job. I was beginning to think I was the only one who saw how low inflation was in the second half. Now there are two of us - that's almost viral.
My piece explains why I do not believe inflation will just spontaneously creep up in the next six months. On the contrary, the lagged rent data go from crazy to gradaually helpful and energy almost surely goes negative because oil was so high early 2022.
https://www.cato.org/blog/inflation-fell-19-second-half-2022-107-first-1