Alright, let's dig in.
It's remarkable how few "lessons" there are in this piece, but lots of the dog-in-fire meme: everything is fine.
The victory over inflation is not complete, the public remain angry, financial markets have had a terrible year predicting central bank moves and economic circumstances are far from wonderful in advanced economies.
Inflation is very close to the standard 2 per cent target in the vast majority of advanced economies.[...] FT core inflation shows the UK and the US still have some way to go to eradicate inflation from their economies, although progress in the UK is ongoing.
"If there was one thing that undermined confidence in central banks over the past few years it was their inability to anticipate a persistent rise in prices. That is now over."
- what, the inability to forecast or the persistent rise in prices? not a statement that will go down well, regardless.
The meat of the article, aside from the charts, is this:
- Oh, and people hate inflation Academic surveys have shown that the public have a poor understanding of inflation and really dislike periods of price rises. Electoral confirmation of these findings came in waves during 2024, with governing parties taking a pounding around the world.
No shit, Sherlock. #811381
On all counts: people hate inflation; people suck at understanding "inflation" (#737272); people blame incumbent politicians for economic outcomes they may or may not have had a hand in.
oh well. What else is new?
Plus, according to the media-trumpet-mouthpieces, doesn't seem like anything else interesting happened this year. Central banks doing their shit, inflation coming down—and some people complain.
non-paywalled here: https://archive.md/JZbso
also, shouldn't it be "from 2024"...? (or for 2025?)—who messed up the title?