“Inflation”
-Generalized inflation…was not a serious concern.
-Turning points in price trends tend to occur just at the moment when the authorities and expert opinion dismiss the risks.
(1)
-Generalized inflation…was not a serious concern.
-Turning points in price trends tend to occur just at the moment when the authorities and expert opinion dismiss the risks.
(1)
-The current consensus is that price rises in commodities and goods markets are clearly pandemic related and that the risk of a resurgence in global inflation remains remote.
(2)
(2)
-While many households think the definition of price stability would be an absence of inflation, economists and policymakers favour a gentle annual increase in prices of around 2%.
(3)
(3)
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