“Inflation: let’s hope the 2020s don’t look like the 1970s”

Chronic. “In a fast-changing world, there are plenty of opportunities to make mistakes. “ Arthur Burns knew what he was talking about. During his two terms at the head of the Federal Reserve (Fed), from 1970 to 1978, the former adviser to Richard Nixon was very wrong, while the United States was confronted with the … Read more

Commodities: “The chicken does not want to be plucked by inflation”

In a field, in Douville-en-Auge (Calvados), December 29, 2018. JOEL SAGET / AFP Un grain of wheat in the machine… and the engine of inflation heats up. The French have already seen, by passing their baker’s, this fall, an increase of 5 to 10 cents in the price of the traditional baguette. Those who are … Read more

Increase in energy prices: “inflation compensation” of 100 euros definitively approved

In a service station in Nice, in October 2021. ERIC GAILLARD / REUTERS By a last vote of the National Assembly, the Parliament definitively approved, Wednesday November 24 evening, “the inflation allowance” of 100 euros provided by the government for 38 million French people, The measure is contained in the second amending finance bill for … Read more

Inflation hits Eastern Europe hard

A kerosene lamp, in Glod (Romania), on November 4, 2021. ANDREEA CAMPEANU / GETTY IMAGES VIA AFP For days now, the inhabitants of Timisoara, in western Romania, have started their day with the same ritual: feeling their radiator with anxiety. On October 26, more than 50,000 homes, as well as schools and hospitals in the … Read more

In Germany, economists especially fear the fear of inflation

The European Central Bank, in Frankfurt am Main (Germany), on October 28. DANIEL ROLAND / AFP The trend is clear: 4.5% increase (over one year) in October, after 4.1% in September, 3.9% in August and 2.3% in June. For nearly six months, the inflation curve in Germany has been steeply rising, which could reach an … Read more

Joe Biden makes inflation reduction his “top priority”

Inflation in the United States reached its highest level for three decades in October. Consumer prices rose 6.2% year on year, unprecedented since November 1990. “Inflation is hitting Americans in the wallet, and reversing this trend is a top priority for me,” President Joe Biden immediately lamented in a statement. He blamed the rise in … Read more

Return of inflation worries Europeans, who are struggling to find a coordinated response

Gas station in Saint-Jean-de-Luz (Pyrénées-Atlantiques), October 22, 2021. BOB EDME / AP It is now a matter of major concern for Europeans. Inflation, which had almost disappeared from the economic landscape of the Old Continent, is making a comeback. Over one year, it jumped in the euro zone by 4.1% in October after an increase … Read more

In Central Europe, “inflation will severely penalize poorer households”

Beata Javorcik (right), in Vienna (Austria), in 2016. UNIDO / (CC BY-ND 2.0) On Thursday, November 4, the European Bank for Reconstruction and Development (EBRD) revised upwards the 2021 growth forecast (5.5%, against 4.2% expected in June) for the 30 countries where it operates, Baltic States to Central Asia. Beata Javorcik, chief economist of this … Read more