Why is inflation rising again around the world?
- Counting the CostRising energy prices are pushing inflation higher again, forcing major central banks to raise interest rates.
- For decades, central banks treated oil shocks as temporary, something to wait out, not hike rates over.
- And that’s because raising rates in this case can slow growth without bringing down the price of a single barrel of oil.
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- Counting the CostRising energy prices are pushing inflation higher again, forcing major central banks to raise interest rates.
- For decades, central banks treated oil shocks as temporary, something to wait out, not hike rates over.
- And that’s because raising rates in this case can slow growth without bringing down the price of a single barrel of oil.
Sources: Al Jazeera