Inflation is 8% right now, not 10%. So 6% seems to be a good "target" - but many economists in the US are thinking that inflation will not stay at 8% (that is the hope...) so they are aiming for a rate that reflects a 5.5-6.5% inflation rate over 2023 - which is from anywhere from 3.75% (I think at this point this is too low) to 4.75% (higher than expected). This makes a lot of sense to me and I think we'll see around a 4.5%-4.75% target rate by the end of 2023.
Inflation was 8% averaged over the past year. Right now, the calculation is much more complicated and we observed nearly net zero price change of the basket over the past two months.
