The particularly high inflation recorded in 2021 is partly due to the one, very low, of 2020. The stake is whether the phenomenon is temporary, the time that the economy is recovering from the crisis, or No.
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Western economies had no recorded such numbers for several decades. In December 2021, the inflation rate in the euro zone amounted to 5% over one year, never seen since the creation of the European Office of Eurostat Statistics, in 1997. Even observed in order to handle, where Inflation has been at the highest for thirty years, and even more in the United States, where consumer prices increased by 7% in 2021, a pace that the country had not known since 1982.
Several economists, especially in the United States, are now worried about a sustainable price increase. If the European Central Bank (ECB) continues to talk about a temporary phenomenon, it has nevertheless noted its inflation forecasts for 2022 to 3.2%, twice as much as it planned three months ago. Should we worry about the current situation? Explanations.
How is inflation?
The statistical institutes rely on a “basket” of several hundred goods and services consumed by households, which range from food products to the subscription to a platform streaming.