and most of this inflation, you know, it is 12 months of inflation, 11 of the months we already knew. so the incremental month of december, which is what got added, inflation fell a little bit. so people are hanging their hats on little signals like that. and hoping that it stays in just the goods sector, physical goods and stuff affected by the supply chain, and doesn t spread over to services. you know, americans are worried. they feel price hikes on gas and food, you said gas, you know, is coming down but still, still up. how much worse could this get? is that really the unknown here? that the unknown. it depends a lot on what happens with the virus. so if we got lucky, omicron virus proves to be milder than before and gives us a quicker
pandemic affected sectors. the supply chain is needing to be sorted out and once we get it sorted out inflation will slow back down. there was slightly good news in the midst of relatively bad news which were a couple of these headline categories like gasoline, which was going way, way up, gasoline prices have been falling for the last few weeks and the overall price of oil is down so gasoline prices might continue to fall. and most of this inflation, you know, it is 12 months of inflation, 11 of the months we already knew. so the incremental month of december, which is what got added, inflation fell a little bit. so people are hanging their hats on little signals like that. and hoping that it stays in just the goods sector, physical goods and stuff affected by the supply chain, and doesn t spread over
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