It is the nightmare of consumers, savers and… central bankers.
The surge in inflation observed since the spring is prolonged and accentuated beyond all forecasts.
The price increase reached 6.2% in October in the United States, unheard of since 1990, a record 4.1% in the euro zone or 4.2% in the United Kingdom, the highest in ten years.
If central banks, whose primary mission is price stability, have been trying for years to wake up inflation that has become durably sluggish by injecting liquidity into the economy, they are taken aback by the scale of the phenomenon.
The European Central Bank (ECB) hopes to see the curve wisely return to its official 2% target next year.
Even.
Passed to the grill in the European Parliament, its president, Christine Lagarde, recognized this week that "it will take longer to fall back than originally planned".
And it's not over yet: new records are coming.
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