here and in the US "Through this year, as inflation rates in the US pushed to levels not seen for 30 years, the Fed, led by chairman Jerome Powell, has insisted that the increase in prices was “transitory,” a function of the pandemic, and would subside as the economy normalised.
Even as inflation numbers remained at those three-decade highs, unemployment levels fell and the economy showed strong growth, the Fed maintained that broad thesis as it prepared for an orderly and cautious exit from its expansive response to the pandemic." link the 90% jump in Energy prices. 30% plus in food is going to kick this can all over the world quickly despite what Central or reserve banks would like!
