1.   Inflation could fall back into single figures as early as this month.

2.   For as long as U remains above NAIRU, inflation should be falling.

3.   But inflation should fall further over the medium-term.

4.   And as inflation fell, asset prices boomed, not just securities, but land and commodity prices as well.

5.   And inflation fell.

6.   And in the U.K., the Bank of England echoed an opinion shared by many analysts that British inflation will fall further in coming months.

7.   At the same time, inflation fell in the New York area this month, the purchasing managers said.

8.   Bundesbank council members have repeatedly said that they need more evidence that inflation is falling before considering a change in monetary policy.

9.   But despite soaring energy prices, inflation fell back to normal levels after an aberrational sequential doubling in the first quarter.