Article 5BVXV Will there be runaway inflation next year? Not if wages don't rise

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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