After years where prices barely seemed to rise and interest rates remained stubbornly low, the last two years have seen inflation come roaring back – combined with union strife and an energy crisis it has felt like we’ve been living through the 1970s all over again.
What better time then, for an economist to publish a handy explainer on just what inflation is, where it comes from and why central banks have so often failed to deal with it.
Stephen D King is an economist and writer who is a senior adviser at HSBC and the author of four books, including his latest We Need To Talk About Inflation – 14 urgent lessons from the last 2,000 years.
We sat down at CapX Towers to talk through the history of inflation and what the UK might have in store in the years to come…
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