Global component of inflation surged in pandemic – research
Dallas Fed authors say international factors exert greater influence than they did pre-Covid
Global factors have had a far greater bearing on individual countries’ levels of inflation since the pandemic, according to a study from the Federal Reserve Bank of Dallas.
The research, by Christopher Otrok and Braden Strackman and published on October 22, says that “international factors broadly explain post-pandemic inflation”.
The authors say global factors only accounted for 40.2% of a country’s headline inflation before Covid, but that the figure rose to 74.5% during the “pandemic period”
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