“Inflation is already trending down. We hit a peak right before the fall. Prices are coming down,” Carl Gould, business analyst and founder of 7 Stage Advisors, told WPTV.
Gould predicts inflation could drop to as low as 2% to 3% this year, but he said it won’t be immediate.
“To get to the 2% to 3%, I think you’re looking at next holiday season. I would expect it to work it’s way downward through the spring and the summer and when you get to the fall, we’ll be right around that normalized price,” Gould said.