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From chips to ships, shortages are making inflation stick
By Dhara Ranasinghe and Sujata Rao
Thursday, September 30, 2021
LONDON -- Soaring gas prices, staff shortages, a lack of ships -- price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory.
Central bankers, while adamant that inflation will subside, are starting to concede it may stay higher for longer as a range of issues push up the prices of goods and services and lift future inflation expectations.
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Their conclusions will ultimately determine how quickly policymakers unwind the trillions of dollars of monetary stimulus unleashed to ease the COVID-19 crisis. ...
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