The Bigger Worry: Growth or Inflation?
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The Sources of Disinflation That We Have in Our Forecast
The sources of disinflation that we have in our forecast aren't really driven by large-scale economic weakness. We've found some extremely rapid rent inflation in 2021, early 2022 to stagnation,. But the official CPI and PC measures are still very strong. Close to 10% will have your rate and I have quite high confidence that those numbers are going to be coming down in the course of 2023.
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