Are Central Banks behind the curve?

Introduction

Inflation is running hot and central banks are having a time convincing stressed consumers that prices are under control. The war in Ukraine and Russian inflation premium are beginning to bite and the question is whether central banks are behind the curve. Inflation is high and will likely eat into consumers’ bargaining power. This could have a double impact on growth that is being slowed by Russia’s illegal war in Ukraine. Inflation is high across the EU, section one will look at how inflation has progressed in Europe’s largest three economies since the…