Whenever politicians describe a situation has peaked your curiosity should be piqued and you should be on alert! Remember e.g. peak oil!
It is possible that the year-over-year or month-over-month increase of price inflation has peaked, but what does that mean?
What if price inflation continues to rise e.g. by >= 5% yoy well into 2023? Would you be relieved?
Since Western governments still launch new big spending programs and continue to run budget deficits rather than to cut spending, lower taxes, and balance budgets, price inflation may very well stay high.
Will Western central banks, which for the last two decades have run an irresponsible cheap money policy, continue to be tough and finally raise the ultra low interest rates?
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