Gasoline, diesel and heating oil have recently become considerably more expensive, as have foodstuffs such as fruit, meat and dairy products. But what does this mean for inflation in the longer term? In an interview with the F.A.Z., Prof. Volker Wieland warns against downplaying the inflation risks in view of the expansionary monetary policy.
"Temporary price increases and accommodative monetary policy together could lead to permanently higher inflation rates," he said. Countervailing effects such as globalization or the savings glut have at least partially disappeared in the wake of the Corona pandemic, he said. Wieland does not rule out that they might even largely disappear in the medium term.
FAZ: "Nicht nur Obst und Benzin werden deutlich teurer"