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Inflation did surge, with a peak of 10.7% in March 2022, but it has moved down to 3.7% in November 2022. (Both figures are three-month moving averages.)
https://stayathomemacro.substack.com/p/ban-the-phillips-curve
Inflation did surge, with a peak of 10.7% in March 2022, but it has moved down to 3.7% in November 2022. (Both figures are three-month moving averages.)
https://stayathomemacro.substack.com/p/ban-the-phillips-curve