U.S. Core Inflation Expected Over the Next 21 Months

This chart shows the U.S. core inflation expected over the next 21 months. It has been quite accurate for more than 20 years.

M2 velocity year-over-year leads U.S. core inflation by 21 months (R² = 0.61 since 1996).

 See also “Where Does Inflation Come From?” and How to Get Inflation?

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