Unlike these forecasts, this one of US CPI inflation has been doing well (both year over year and continuously compounded, click to enlarge):
Here's the CPI level:
Here are the details about the re-estimate of the size of the post-2008 recession demographic shock (shown as the dashed line in the graphs).
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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.
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