Inflation: What Will Be The New Normal?

I nflation remained high last month, said Thomas Franck in CNBC.com, but there are signs of cooling momentum. Prices paid by consumers“ rose 5.4 percent in July from a year earlier, in line with June’ s figure and matching the largest jump since August 2008.” But there were“ sharp decelerations in inflation in select areas of the economy that had seen rapid price…