Inflation is starting to normalize in developed economies

In the podcast episode, it is highlighted that inflation is beginning to normalize in most developed market economies. While it is not yet back to target, the data from price stats suggests that inflation is starting to become more normal. This is observed in US headline inflation, where the previous rise, largely attributed to fuel prices, is now normalizing. Sector-level data also indicates a picture of normality, with no particular sectors standing out with abnormal price stats. Overall, both headline and core goods inflation appear to be less of a problem, not only in the US but also in the Eurozone and the UK.