Inflationary pressures dominated the world economy in the 1970s.

This was caused primarily by the sudden rise in oil prices and global shifts in currencies, trade and wealth. This eased in the 1980s as freer markets and stock market growth took over. Inflation has not really featured since and was declared dead by many commentators after the global financial crisis of 2008 when attention turned to resurrecting economies burdened by debt and showing no signs of growth. However, inflation has started to creep back into the narrative in the last few years as the

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