2023: the year of 'stagflation light'

2023: the year of 'stagflation light'

Last year we paid attention to the sharp rise in inflation and the inflation outlook for the near and somewhat more distant future. We then concluded that 2022 can be regarded as the year of 'turbo-stagflation' and asked the question: what comes after stagflation? Now, a year has passed. Time for an update: where are we in terms of inflation and how has the outlook changed compared to a year ago?

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