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I would recommend May or October

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This has elicited dozens of additional explanations, each fatally flawed in its own way.Yes, globalization and automation are inherently deflationary, but no more so than last year.The jury is out on whether an aging population mutes inflation, but either way demographics don change quickly enough to explain the recent swoon.The surging popularity of online shopping could theoretically be depressing prices, but inflation is also low for products only sold offline, and in countries with only rudimentary e commerce.Another popular hypothesis is that inflation has somehow become more responsive to economic weakness. However, this flies in the face of evidence that the relationship has actually been weakening for decades. After all, globalization has reduced the relevance of domestic economic conditions, declining unionization has diminished the feedback loop between wages and inflation and inflation expectations have been anchored by decades of credible monetary policy.

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