Subject: Re: "Inflation is defeated"
On the subject of inflation--good metrics, and the relationship between perceptions and monetary effects--I'm a fan of following the "MCT inflation" figures.

I wrote a bit about that in the second half of this post
https://www.shrewdm.com/MB?pid...

"... This is based on the notion that the inflation for any product is the sum of (a) a single global monetary inflation amount in the period, plus (b) a factor specific to that product category. So, for 100 product categories, you get 101 factors: one for each category, and one to rule them all.
Go here and click on the graph to see the latest figures. https://www.newyorkfed.org/res...
Latest number year-on-year is 3.05%. Basically top of the flattish range since mid 2023..."

Jim