"The prices are starting to go back to “normal”". This is a very misleading sentence in my opinion. A YoY% inflation of ~6% does not mean that prices have gone back to normal by any means. What it means is that they are 6% higher compared to last year's prices. So nothing has gone back to normal, until you see actual deflation (i.e. negative inflation) as opposed to what we see today which is called disinflation (i.e. a reduction in positive inflation)
Thanks for the great publication. :)
"The prices are starting to go back to “normal”". This is a very misleading sentence in my opinion. A YoY% inflation of ~6% does not mean that prices have gone back to normal by any means. What it means is that they are 6% higher compared to last year's prices. So nothing has gone back to normal, until you see actual deflation (i.e. negative inflation) as opposed to what we see today which is called disinflation (i.e. a reduction in positive inflation)