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Inflation could halve to 4% within 6 months thanks to falling prices for oil and used cars, Moody’s economist says

US inflation will tumble to 4% within six months, as oil prices fall away from their post-Ukraine war highs, according to Moody’s Analytics’ top economist. Mark Zandi expects that and other factors to pull the rate of Consumer Price Index (CPI) inflation to below half the 8.3% level it hit in August. …

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