With the mention of stagflation everywhere in business pages at the moment, and also it being cited as the reason for a drop in the pound recently against major currencies, talk of rising prices is everywhere.
As mentioned previously in the column, the inflation rate as one gets closer to the theatre of war in Ukraine is measurably and understandably greater than in more outlying regions of Europe and the rest of the world.
Some economics journalists have dubbed this phenomenon as Putinflation. The punning expression belies the damage being done in every respect in Ukraine.
The rate of change of prices has certainly become centre stage, and it would appear that it will remain there for quite some time to come.
