Just a year ago, inflation appeared high but under control. Published annual consumer price rises stood at 2% in the eurozone and 5% in the US, which was above average. The US Federal Reserve dismissed concerns, saying price rises reflected “transitory factors.”
What has happened since has surprised all the main advanced economy central banks. The latest published inflation rates stand at 8.6% in the US, 8.1% in the eurozone and 9.1% in the UK.
How could this happen? What are the consequences? Which investment strategies make sense, now that inflation is back ? Find the answers to these questions in our infographic.
To discuss further, please contact your dedicated BNP Paribas Asset Management client relationship manager.
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