Back in the summer of 2022 – I wrote that I believed inflation had peaked and would come down for the rest of the year. That’s because when ignoring much of the noisy data, price pressures started rolling over in early June. Especially in oil and commodities like lumber. And this was contrary to the crowd’s opinion, which expected inflationary pressures to further increase. But six months later, it appears that inflation really did peak. And is now in steady decline. Just take a look at today’s consumer price index (CPI) reading for December 2022. The month-over-month headline rate actually came in negative 0.1% – ... (full story)