After years of too low inflation in the eyes of central bankers, the wheel is turning.
She goes up.
In April, it exceeded 4% in the United States and it reached 2% in May in the euro zone, its highest level since October 2018. Its progression around the world raises questions and concerns.
Is this a flash in the pan or a continuing trend?
The ECB facing the taboo of the end of "magic money"
It's temporary, say the big central banks.
Inflation is largely due to the recovery following the long paralysis of global activity caused by the pandemic.
The economic rebound increases the demand for oil, raw materials and components.
And, as supply is disrupted by the crisis or insufficient in the face of the surge in orders, the price of certain materials soars.
Surprise increases in inflation are mainly due to supply chain failures
However, these disturbances "
are already beginning to subside,
" points out a note from Fidelity International.
Few risks in Europe
The inflation index
This article is for subscribers only.
You have 78% left to discover.
Subscribe: 1 € the first month
Cancellable at any time
I ENJOY IT
Already subscribed? Log in