> San Francisco's Consumer Price Index increased just 2.5% year-over-year, well below the post-pandemic peaks. The Federal Reserve has declared victory. But is

> San Francisco's Consumer Price Index increased just 2.5% year-over-year, well below the post-pandemic peaks. The Federal Reserve has declared victory. But is the inflation crisis really over? Monetary policy is months to years ahead of what you see at the counter. See also the great money printing of 2020.