Inflation isn’t down on the canvas yet. But it is on the ropes.
News this week that annual inflation dipped to 4 percent in the first quarter (from 4.7 percent), was welcome — although, as economists have pointed out, there were some worrying signs of life buried beneath the topline data.
If we look at just the last quarter, the consumer price index rose 0.6 percent. In a sense that’s the ...
