Inflation 'floodgates'

Sobre la dinámica de la inflación. Se puede contener una vez empieza?


"So in a sense this seems to confirm some of the hawks’ fears. Inflation expectations are now above target, and they are not coming down in line with forecaster’s projections. Has this started a wage-price spiral, with inflation out of control?

In a word, no. From the peak of 5.2% in September, inflation has fallen rapidly, and was 3.6% in January. The OECD expects year on year inflation to be 2.7% in 2012, and only 1.3% in 2013. What we have seen is a classic and temporary cost push or supply shock caused by a VAT increase and rising commodity prices."