Investors are putting their trust in the pronouncements of economists and central banks putting your trust in economists is the secret of a happy life. Bond markets appear to accept the idea that current inflation pressures will be short lived. Used cars and motor fuel were around 60 percent of US consumer price inflation rate, which makes the price rises rather focused. In the US, there are fewer and fewer items that are rising in price by more than 2 percent year over year.

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