Stats Canada reported their y/y inflation numbers this morning, so here goes with a graph... since January, 2020.
Some folks might prefer a chart, so here it is... as well.
Included in both is the United States inflation by way of using the EU methodology. The overall picture indicates much improvement in y/y figures, although the United Kingdom seems to be stalled.
As for the United States, the rate of y/y inflation appears set to fall further, but a considerable part of the drop is due to lower energy costs. With June, 2022 being the peak of gasoline costs, and a rapid fall back to near current levels in September, 2022... the benefit of y/y inflation reduction will quickly recede.
The focus will become core + food, imho.
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