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What is Sectoral Price Dynamics Post-Covid Inflation about?

Services price growth played a smaller role than core goods price growth in the initial phases of the inflation surge, but its importance has grown over time. On balance, a larger contribution from services may make inflationary pressures more stubborn in the near term, as services inflation is structurally more persistent. This is even more likely if services prices increase faster to catch up with pre-pandemic relative price trends. Monetary policy may need to remain tight for longer to achieve a given in

Author

wowexo4683

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EN