Not with US inflation rising to 3.8% last year and more inflation in the pipeline from energy disruptions as a result of the US-Iran war.
We are in for a bumpy ride.
US inflation jumped to 3.8% in April as the war in the Middle East continued to drive energy prices and everyday costs for Americans.
Prices rose 3.8% over the last year, according to the data from the Bureau of Labor Statistics, the highest jump since 2023.
This is the second official measure of the consumer price index, which measures the price of a basket of goods and services, since the start of the war with Iran. In March, prices rose 3.3%, up from 2.4% in February.
And consumer sentiment is falling as well. Go figure.
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