@retiefff CPI inflation, at 6.4%, is now at the same level as it was in
Nov 2021.
PPI inflation is at the same level as it was in
May 2021.
I don't get why people are denying that there is disinflation. Inflation has been a hot topic for at least an year now and it's unbelievable that people still do not understand inflation, deflation and disinflation.
The rate of increase in inflation is falling and at a fairly good pace. It's not quick enough but it's evidently happening.
Since rates are not going to decrease this year and seeing that inflation really hasn't entrenched (I think so), it should
definitely probably come down to 2-3% by end of the year.
Lastly, while deflation is Gen z's wet dream, it's a nightmare for the economy.