As we are painfully aware, inflation is still high at 7.1% Year-over-year (YoY). To cope with inflation, consumers have been gutting their savings and increasing their use of credit. In November, consumer credit increased 7.9% YoY while personal savings fell -64.8% YoY.
The good news? Inflation month-over-month is expected to be 0% tomorrow.
So, inflation will be gone in November?