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Sweden’s inflation experience may show where the U.S. and other developed markets are going

·2 min read
Sweden’s inflation experience may show where the U.S. and other developed markets are going

IN ONE CHART There’s a whole host of goods rocketing in price, as evidenced by U.S. consumer prices matching a 30-year high in September with 5.4% year-over-year growth. That makes sense. The COVID-19 pandemic, and the policy response of lockdowns and government stimulus, unleashed a massive switch in spending from services to goods.