Prices are displayed on a board at a petrol station in Staten, New York, on November 10. The US consumer price index, which includes petrol prices, has risen 6.2 percent from a year ago, to its highest level since December 1990. Photo: EPA-EFE
Prices are displayed on a board at a petrol station in Staten, New York, on November 10. The US consumer price index, which includes petrol prices, has risen 6.2 percent from a year ago, to its highest level since December 1990. Photo: EPA-EFE
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Scary as it is, the argument that inflation is here to stay is winning

  • As the IIF warns of a global inflation storm, the fear is that raising interest rates in response could spark a recession – when governments and central banks are out of ammunition

Prices are displayed on a board at a petrol station in Staten, New York, on November 10. The US consumer price index, which includes petrol prices, has risen 6.2 percent from a year ago, to its highest level since December 1990. Photo: EPA-EFE
Prices are displayed on a board at a petrol station in Staten, New York, on November 10. The US consumer price index, which includes petrol prices, has risen 6.2 percent from a year ago, to its highest level since December 1990. Photo: EPA-EFE
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