> About one-third seems to be demand-driven: if inflation were 1/3 of its current level, would that be considered an unusual or concerning level? It doesn't s

> About one-third seems to be demand-driven: if inflation were 1/3 of its current level, would that be considered an unusual or concerning level? It doesn't seem like it, I think that would be an acceptable level, but hey, not an economist (not that it's a hard science field or anything).