La singularidad del ciclo de inflación y deuda
Los colchones anti-cíclicos han mermado y se necesitan nuevos caminos para responder a las crisis
Inflation and debt are currently intertwined in a singular manner, as noted by the insightful economist Albert Hirschman, who foresaw the dangers of rigid models in economic understanding. This observation holds particular relevance in today's context of surging inflation and steep increases in financial costs, reminiscent of the aftermath of the Ukraine war.
Oil and electricity prices have driven up the eurozone's Consumer Price Index (CPI) to 3.8% in September, and to 5% in Spain, using harmonized interannual figures. Furthermore, fresh food prices have seen a sharp surge, reflecting heightened production costs and adverse weather conditions. The risk of indirect or second-round effects from the energy price hike is also on the rise, potentially prompting the European Central Bank to raise interest rates further before the end of the year.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
