#234: Is Inflation Bottoming in June?
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The Year Over Your Number
Inflation peaked in June of last year, with that 1.2% number at 9%. It is now at 4%. But then if you look at the scenarios, the red line assumes that we continue with the average of inflation since COVID, since 2020, the average monthly inflation number was 0.4. So what if we continue to print 0.4? We bought them in June, and we're back above 5% by December,. And then the extreme scenario, which hasn't really ever happened, or hasn't happened in about 70 years, would be a 2.8, 2.9% at the end of the year. The numbers on the base effects bottom in June
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