Will there be runaway inflation next year? Not if wages don't rise
by Phillip Inman from on (#5BVXV)
The hawks are warning - once again - about the economy overheating. But a vaccine alone will not cause that
There is always an economist somewhere agonising about inflation. As we head towards Christmas with an inflation rate falling towards zero - it dipped to 0.3% in November - you might think they were mostly keeping their counsel.
Not a bit of it. The inflation worriers are out and about, spreading their gloomy message of imminent rising prices as the economy overheats uncontrollably post-Covid, post-Brexit.
Consumers, desperate to cheer themselves up, will join the borrowing binge, increasing the pressure on prices
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