Opinion
There are reasons to worry about US inflation
The FT’s Martin Wolf says expansionary fiscal and monetary conditions, pent-up savings and pandemic politics could work together to drive up prices over the longer term.
Martin WolfColumnistThe jump in US annual consumer price inflation to 4.2 per cent reported last week was a shock. But was it a good reason to panic? Not obviously, since special factors can explain it.
It was ever thus: when inflation starts to rise, special factors can always explain it. But in truth the big reasons for concern are not what is happening right now, but rather the political forces at work.
Financial Times
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