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As people return to their normal lives there could be exuberant spending and we could see upward pressure on prices as pent-up demand takes effect.
As people return to their normal lives there could be exuberant spending and we could see upward pressure on prices as pent-up demand takes effect. Helping this is the fact that interest rates are low and expected to stay low by directive of the Central Bank. Now this will set inflation in motion, but to what extent do you think the inflation will spike? Will it jump very high or be moderate? What will have to happen in the economy for rises in the general price level to return to normal?
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