Is the great inflation scare over? The case for cautious optimism
The great inflation scare of the post-pandemic era has been driven by a series of adverse shocks over the past four years. Global inflation started to pick up later in the year in 2020 as demand bounced back, supply bottlenecks tightened, and oil prices rebounded. Inflation rose further following the Russian invasion of Ukraine as oil and food prices jumped and renewed supply disruptions emerged.