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:
- Oil prices
- Increase in German VAT
- Rising cost of container transport
- 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.