Monday 28 Feb 2022 @ 15:38
Chatham House
Printable version

How policymakers should tackle energy price inflation

EXPERT COMMENT

What’s behind the rise in energy inflation, and how should policymakers respond?

A key driver of the surge in inflation across advanced economies – and the associated ‘cost of living crisis’ – has been a huge jump in energy inflation, which is now running at record highs across Europe.

Let’s start with some basic facts. While services inflation is beginning to increase in several advanced economies, most of the increase in headline inflation over the past year has been driven by consumer goods and energy.

In fact, energy alone has been responsible for over half of the increase in Consumer Price Index (CPI) inflation in advanced economies since the fourth quarter of 2020.

Click here to continue reading the full version of this Expert Comment on the Chatham House website.

 

Channel website: https://www.chathamhouse.org/

Original article link: https://www.chathamhouse.org/2022/02/how-policymakers-should-tackle-energy-price-inflation

Share this article
RESEARCH EXPERTS EVENTS MEMBERSHIP ACADEMY ABOUT

 

Latest News from
Chatham House

The US aid package to Ukraine will help. But a better strategy is urgently needed

26/04/2024 10:10:10

The essential aid package will allow Kyiv to slow down Russian forces. But the delay had a real cost for Ukraine, and a secure long-term funding model is required.

As yet another UN Libya envoy quits, his successor must be bolder

25/04/2024 14:20:00

To break through Libya’s political stalemate, the UN must be willing to pursue a bolder strategy, despite the risks of failure.

The Baltic Sea is far from a ‘NATO lake’ – the alliance must strengthen its defences

23/04/2024 14:10:00

Alliance countries need better understanding of the risks to their undersea infrastructure, and improved signalling to deter Russian sabotage and hybrid attacks.

Iran–Israel exchanges are a test for China’s influence in the Gulf

22/04/2024 16:10:00

Beijing’s diplomatic activism shows it is worried Iran–Israel tit-for-tat may undermine Saudi–Iran reconciliation.

Simplicity is the key to closing the climate finance gap

22/04/2024 12:20:00

Conventional, publicly capitalized financial instruments are the only way to mobilize private finance on a very large scale.

A new European Court of Human Rights ruling has established a vital new precedent

18/04/2024 13:10:00

The judgement shows litigation can be used to hold governments to account on their climate ambitions – but much will depend on policy outcomes.

Fiscal incontinence is going global and could pose a risk to financial stability

16/04/2024 15:10:00

While the global economy is showing signs of strong growth, public debt levels in emerging markets are rising at an alarming rate.

Iran’s attack on Israel was not the failure many claim but it has ended Israel’s isolation

16/04/2024 10:20:00

The strikes demonstrated a more assertive approach from Tehran, but the region’s security now depends on Israel’s ability to play a longer game.

The strike on Iran’s consulate in Syria could be the spark that ignites the Middle East

15/04/2024 16:10:00

Israel’s attack signalled a shift in its strategy towards Iran. Tehran’s response and the US promise of ‘ironclad’ support for Israel risks escalation of this transnational conflict.

Exclusive offers, deals and discounts available to public sector staff, past and present!