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Prachi Mishra on Inflation: Navigating Uncharted Territory

October 6, 2021

New IMF study says prolonged input supply shortages could keep inflation elevated for longer. (iStock by Getty Images/tommy)

Inflation has not been much of a concern since the 70s when exogenous oil shocks were widely seen to have caused the phenomenon known as stagflation. But given the uncertain nature of the pandemic recovery, inflation is now on the rise and once again on everyone's mind. Analysis in the latest World Economic Outlook explores today's inflation landscape and finds we're in uncharted territory. Prachi Mishra is an Advisor in the IMF Research Department and coauthor of the study. In this podcast, she says while inflation expectations have stayed relatively anchored so far, there is still much to be concerned about.  Transcript

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Prachi Mishra is an Advisor in the IMF Research Department.