Part 2/8:
According to recent data, the Consumer Price Index (CPI) and Producer Price Index (PPI) have both demonstrated positive trends, indicating a significant reduction in inflationary pressures. The core inflation rate has dropped to post-COVID lockdown lows, as concerns regarding a "re-inflation scare" have not materialized as some experts had predicted. Economic anxiety surrounding inflation may have been exaggerated, as the latest inflation expectations, as surveyed by the Federal Reserve and the University of Michigan, have shown a notable decrease.