Let’s all bid inflation the farewell it deserves.

The Consumer Price Index (CPI) is the key measure of inflation.

The November CPI report was released yesterday, giving investors some good news: Inflation is finally consistently declining.

• Monthly: CPI increased 0.1% compared to the previous month (vs. 0.3% forecasted).
• Yearly: CPI increased 7.1% compared to a year ago (vs. 7.3% forecasted).

There were skeptics over October’s inflation numbers. One month of data doesn’t indicate a trend. But what about two months?

• With the second month of better-than-expected numbers — it’s almost safe to say — inflation has peaked.
• Here’s what Economist Paul Ashworth had to say: “Stick a fork in it, inflation is done.”

With the inflation report out, it seems like a 0.50 percentage point hike is in the bag. Something the Netherlands failed to grab.