These are just the headline inflation numbers but the trend has been pretty clear over the last six months. If you look back to August last year, we still had near 7% inflation in the UK, with Germany and France still seeing 6% and roughly 5% inflation respectively. In the US, the above figure was 3.7% at the time.So, the disinflation trend is certainly in play. There is no doubting that. However, the next hurdle will perhaps be an even harder one to cross. The phasing out of base effects and higher energy prices has definitely helped in bringing down broader price pressures. However, to get from 3% to 2% might prove to be a tough task now.That is not to mention the fact that core inflation
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