The claim that 'inflation has been defeated' is misleading because while inflation rates have improved and some indicators show easing, multiple authoritative sources and experts as of 2025 emphasize that inflation remains above target levels and the battle against it is not yet fully won.
Inflation has been defeated

Someday inflation will also be "transitory” - Flossbach von Storch RI
Source: flossbachvonstorch-researchinstitute.com
Key Evidence
The IMF's Kristalina Georgieva in early 2025 stated inflation is easing but not fully defeated.
reuters.comreuters.comIMF chief sees inflation dropping further in 2024, not yet fully defeated
reuters.comreuters.comWorld inflation not fully defeated yet, IMF's Georgieva says
The housing market's affordability crisis could reignite inflation pressures.
aol.comaol.comInflation hasn’t been defeated yet because the housing crisis could bring it...
Core inflation remains high in many regions, indicating persistent underlying inflation.
kof.ethz.chkof.ethz.ch“The battle against inflation has not yet been won”
What the Evidence Shows
Analysis of recent expert commentary and economic data reveals a nuanced picture regarding inflation status. Several sources note that inflation has moderated compared to peak levels seen in prior years, with some price normalization in energy and consumer goods.flossbachvonstorch-researchinstitute.comflossbachvonstorch-researchinstitute.comSomeday inflation will also be "transitory”
However, core inflation remains elevated in many countries, and structural issues such as housing affordability continue to pose risks for renewed inflationary pressures.kof.ethz.chkof.ethz.ch“The battle against inflation has not yet been won” High-profile economic authorities including the IMF Managing Director Kristalina Georgieva explicitly state that inflation has not been fully defeated and caution remains warranted. Federal Reserve officials also express the need for more evidence before declaring victory over inflation.
cnbc.comcnbc.comFed's Mester wants 'much more evidence' that inflation has been defeated+3 more
While some opinion pieces and selective data presentations suggest optimism or partial success, these views do not reflect the broader consensus among economists and policymakers. Therefore, the statement oversimplifies a complex ongoing economic challenge.disciplinefunds.comdisciplinefunds.comChart of the Week
timesfreepress.comtimesfreepress.comOpinion: Inflation has been defeated