The inflation puzzle of 2022
Annual inflation in 2022 was 10.5%, but not all components rose by double digits.
2023 inflation forecast: The only way is down?
Inflation surged in 2022, but can it reverse in 2023? Source: ONS, Eurostat, BLS. Inflation forecasters were way off target for 2022. For example: • In December 2021, the Bank of England’s Monetary Policy Committee said “CPI inflation was expected…