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A comment on The Great Steepening. Parent comment

Re:The Great Steepening by misja111 on Wednesday March 23, 2022 @09:51AM (#30778445)
The general consensus is still that the current 8% inflation is mostly due to temporary factors. In particular the war in Ukraine and the uptick of the economy after Corona: they have pushed the energy prices up a lot, which in turn drive other prices up etc.

So central banks don't feel the urgency to raise interest levels above 8% and consequently the market interest rate doesn't get too high either.

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Re:The Great Steepening by jbay808 on Wednesday March 23, 2022 @11:22AM (#30779400)
> the current 8% inflation is mostly due to temporary factors. In particular the war in Ukraine

8% was from data as of February.

By the way, shelter inflation is steadily climbing at 0.3% per month. That's going to be a fearsome trend to reverse.

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