Economy

22 January 2021

Financial News: the monthly economic video of ING

Watch as our economists analyse the current state of the economy and markets.

Inflation on the rise in 2021?

Inflation could be making a comeback in 2021. Why?

Four factors could push inflation north this year:

  1. Oil prices
  2. Increase in German VAT
  3. Rising cost of container transport
  4. Higher prices after the lockdowns

But does that mean a new trend is emerging in terms of inflation? Not necessarily. If the central banks think these pressure points are only temporary, they are unlikely to change their policy in 2021.

Our senior economist, Peter Vanden Houte demystifies the question of inflation in 2021

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