Speaking from the UK here. The CPI has largely remained around 6% recently here in the Uk, interest rates are very high but the Bank of England hasn’t started quantitative easing to start reducing interest rates and thus hopefully bringing down inflation. I believe that it will start in early 2024 at some point here in the Uk but the macro economics of the wars around the world will have a major impact of timeline to which that happens.

But I don’t suspect until later 2024 or 2025 for it to truly come down but I believe it won’t come down to much lower levels to like 2019 levels. A coke bottle will be around £2-2.50 it won’t be lower than that. Even if it is it will be pennies.