opinion | Purchasing power: not just a matter of inflation!

Published January 16, 2023 10:11 AMUpdated January 16, 2023 10:18 am.

For nearly forty years, the equivalent of two generations, the French have not experienced inflation. His return was a revelation for many of them. The latest wave in this area dates back to the second oil crisis in the early 1980s, which caused prices to rise by more than 10%. Inflation is feared because it erodes purchasing power, erodes savings, and erodes the confidence needed for growth.

For the past ten years, the threat has not been inflation, but disinflation. Central banks have been forced to increase liquidity in an attempt to revive it. Within months, the health crisis and then the war in Ukraine changed the situation.

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