The History of Inflation

A lot of people are speculating that the first year's worth of inflation improvements were kind of the easy part. But interestingly enough, SMBC put out this really cool research piece. The slope of the increase going up and then as well coming back down is kind of a mirror. And guess what? We're following the exact same pattern this time. It is coming down. That means it's behaving just like it has in previous cycles,. Which means we shouldn't be panicking and still hiking.