Broad conclusion: inflation is easing The gurus are now debating ‘will it stay or will it go’ with respect to the lower CPI prints. Seasonally, we are going into a higher spend part of the year with back to school & the associated increases in business spending (this effect also shows up on the professional services side where there is a post-summer flurry of sales activity).
Inflation deflates but debates inflate
Inflation deflates but debates inflate
Inflation deflates but debates inflate
Broad conclusion: inflation is easing The gurus are now debating ‘will it stay or will it go’ with respect to the lower CPI prints. Seasonally, we are going into a higher spend part of the year with back to school & the associated increases in business spending (this effect also shows up on the professional services side where there is a post-summer flurry of sales activity).