This doesn’t mean it is gone. Just receeding for now, given the extent of tightening over the last 12 months. If the FED bank bailouts and other programs lead to more money printing(almost surely will) inflation will come back again in the months and years that follow. Cause and effect.                                                                    https://www.zerohedge.com/markets/1-year-inflation-expectations-tumble-fastest-pace-record