It’s far too early to declare the end of inflation ...Middle East

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Receive free US inflation updates We’ll send you a myFT Daily Digest email rounding up the latest US inflation news every morning. Good news has strange effects. After just two months of encouraging US price developments, there is much talk about the death of inflation and the lessons to be learnt. Financial markets are betting on a soft landing of lower inflation without recession. Economists speak of “immaculate disinflation”. Some go further, projecting US success in beating inflation will apply everywhere. There are even mutterings that inflation was, after all, transitory and that the seemingly painless decline in US CPI inflation should force a fundamental

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