growth equals moderate inflation. We do not have runaway inflation. Our inflation rate is relatively low in the 3% range and below wage growth.
The slowing global economy will eventually slow our economy down. Consumers will stop buying products that are too expensive, driving those prices down.
Inflation in the latest round was
Car Insurance- required (can't stop buying)
Car repairs- lots of people need them
Housing- last I checked we are way under demand and higher rates are killing new supply, especially in Multi-family.