The world did not experience inflation despite very loose monetary policies in the decade following the global financial crisis. But this time, really, could be different.
Has anyone noticed that prices, especially of food, are creeping higher and/or we are getting fewer/smaller portions for the same price?
While the initial fears are for deflation, owing to the Covid-19 pandemic-driven demand destruction and supply disruptions, we believe the scenario now unfolding is the opposite — inflation, cost-push inflation to be precise.
