Inflation has been falling in developed markets since the end of last year. In the US, progress has recently stalled despite significant monetary tightening and in the UK, while inflation itself remains elevated, the outlook for it is perhaps slightly better; peaking at 11% in October 2022, it has since fallen to 10% and is expected to continue falling over the next year with financial markets anticipating CPI inflation being around 3% by February 2024.
The reasons for the fall in UK inflation are manifold but can be boiled down to two key influences. Firstly, to state the somewhat obvious, for inflation to go up prices need to rise! In 2022,...
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