Bank of International Settlements, the Central Bankers’ bank, says inflation now structural, we face ‘period of structurally higher inflation compared to the past two decades

Looking ahead, we may face a period of structurally higher inflation compared to the past two decades. The deflationary impact of localization is dissipating, and there will be inflationary pressures from global trade, climate transition, demographics and politics,” said Claudio Boric, head of the monetary and economic department at the Bank for International Settlements, an umbrella group for central banks.

https://www.msn.com/en-us/money/markets/the-2-target-central-banks-inflation-touchstone-faces-post-pandemic-reckoning/ar-AA16SHJa