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Inflation is over... Or is it? The pandemic shock has passed, but long-term trends are emerging, which could create much more dangerous forms of structural inflation.
Inflation is over... Or is it? The pandemic shock has passed, but long-term trends are emerging, which could create much more dangerous forms of structural inflation.
Structural inflation is very different from what the economy has experienced lately. It overrides the market mechanism. A classic example: rising college costs.