Back to the 1970s – are we in a new era of high inflation?

Controlling inflation without killing the economy is a tricky balancing act

Photo by Haley Lawrence

Inflation in Europe, US and UK is currently at multi-decade highs and looks set to rise more, at least in the short term. Most expectations are that prices will peak in the spring before falling back, possibly sharply and to within target, partly reflecting base effects but also as temporary factors recede.

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