What to expect when everyone is expecting inflation

Nobody can predict big changes in inflation...

Higher inflation ahead? Maybe. But don't even try to predict it. Consumers, economists and bond traders always attempt to forecast inflation, but we really are walking in the dark. That said, some groups of forecasters are less terrible than others. Economists are just "slightly better" than the typical supermarket shopper who notices that the price of milk has risen lately. TME knows enough to not even try to forecast inflation, but we did put together a number of recent "observations" that we nevertheless found interesting. Please enjoy.

Inflation forecasting ain't what it used to be...