So there must be reasons and cogent logic for why inflation will be 2.6%. So maybe energy is zero or negative; currency will continue to strengthen and imported manufactured goods be low and so on.vincecate wrote: ↑Thu Dec 16, 2021 11:36 am"The committee’s median projection is that personal consumption expenditure inflation in 2022 will be 2.6 per cent, and it is unanimous in thinking that in 2023 it will be barely above 2 per cent."
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"Everyone, from Powell on down, is betting on transitory. If the bet is lost, it’s going to be ugly."
https://www.ft.com/content/024e4598-61c ... 26d71a8c96
They have been wrong about inflation this year, seems odd to me that anyone believes them for next year.
I am saying that the politicians are getting it right but if we can at least follow as the year unfolds