Paul Krugman says 'the war on inflation has been pretty much won — without a recession'

• The economist Paul Krugman says the war on inflation is pretty much over.
• And a new report found disinflation had been driven by higher supply, instead of lower demand.
• This points to a "Goldilocks" scenario, in which inflation cools without a recession.

Though Wednesday's consumer price index showed US inflation soared 3.7% over the previous year in August, the economist Paul Krugman said the war on inflation "has been pretty much won — without a recession."