Where Inflation Is Plummeting & Soaring

Check out the accompanying pdf and chart collection. Executive Summary: US inflation is sticking roughly to the script we’ve been expecting, having peaked in the summer and fallen since. We expect further declines through 2023. Today, we review what’s been going on beneath the surface of the headline rate, including the recent trajectories of nondurable goods, durable goods, and services inflation along with our expectations for each. … Also: The central banks of Europe, Japan, and China each are battling inflation along with daunting challenges specific to them.